Once again: Imports do not subtract from GDP shared by Jacob Grier

@Jake · Sep 28, 2024

Noah Smith explains the basic economics fallacy behind the belief that imports reduce GDP.

Once again: Imports do not subtract from GDP

I've explained it before, and I'll keep explaining it until the world understands.

noahpinion.blog

Once again: Imports do not subtract from GDP - shared by Jacob Grier - Seabird