GDP merely counts monetary transactions regardless of whether they are good, harmful, or necessary, so it is often a better measure of cost than benefit — like judging a car's health by spending at the mechanic; rising medical costs, war, pollution cleanup, and disaster recovery all raise GDP while well-being falls, and US healthcare already consumes 22-23% of GDP, with real wealth (clean air, ecosystems, family time, mental health, trust) uncounted.

causalpending

Speaker

Nate Hagens

Evidence Quote

GDP as it stands is a blunt instrument. It is not a measure of progress. It is a speedometer without a map, without a fuel gauge or even a sense of destination.

Source

The 10 Core Myths Still Taught in Business Schools | Frankly 99Nate Hagens
Created: 6/18/2026, 2:17:46 PM

My Notes

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