Machholz's Blog

What is truth?

Guest post: GDP and wellbeing – a reflection and a request for assistance…

2012 draws to a close with Ireland officially not in recession having posted two consecutive quarters of positive growth: 0.4% and 0.2% respectively. It is also the only bailed out country to have experienced growth this year according to the IMF. Most economists would accept that growth of this level is fairy negligible; and yet the difference between zero growth and 0.1% still appears to matter. Amongst the soul searching, hand wringing and obsession with all things economic that has characterised Irish public debate since 2007, little attention has been given to what the GDP statistic really means. GDP is a measure of the final value of goods and services that an economy produces, so essentially it measures our ability to produce stuff. A dull enough statistic it would seem but few pieces of information receive the attention that GDP does. Politicians fervently await each

Guest post: GDP and wellbeing – a reflection and a request for assistance….

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Author: machholz

I started this Blog to get out of my system the absolute rage that I have for the corrupt politicians and their Banker Buddies. I’m an ordinary guy, married with kids, and have firm opinions of what is right and what is wrong. I’m not afraid to say it even when it makes me unpopular. I reproduce news all manner of articles, but will always confirm the source of the articles; this is a compliment to the source of such news pieces. But if you do not agree with this and you are the original author, I will take down any article when requested to do so. I do not assume that the author of the news articles share with my views, I include news articles to give readers another slant to my views or to illustrate what the mainstream news media say on the relevant topic. The opinions expressed are my own but I do not accept liability for them, If I have offended you or made a factual error please put on record the truth by leaving a comment. In addition, my thoughts and opinions change from time to time...I consider this a necessary consequence of having an open mind. This weblog is intended to provide a semi-permanent point in time snapshot and manifestation of the various memes running around my brain, and as such any thoughts and opinions expressed within out-of-date posts may not the same, nor even similar, to those I may hold today. For the record I am currently an Independent political activist and am not affiliated to any political party

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