American Economics Thread

FairAndUnbiased

Brigadier
Registered Member
Calculating GDP is a matter of adding things up. You can certainly use it in a time function, but attempting to do so in order to argue that electricity consumption over time must go up is not coherent. Variables affecting GDP are not fixed and of course the premise that you cannot expand an economy without expanding energy consumption is also not true.

This entire conversation has been increasingly silly because there are plenty of criticisms you can make of the US economy without trying to argue that US economic data just "makes no sense".
if you can expand an economy to an unlimited degree without expanding energy consumption means that at some point the relative energy expenditure is of 0 value so you can purchase all energy output for an arbitrarily small fraction of the total economy.
 
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