Growth measures everything, in short, except that which makes life worth while. We'll no longer be good enough to say a policy is successful because it increases g d p if at the same time hoso degrades the physical environment or drives down wages and freches a community. But you have countries like butan where they measure gross national happiness. The small himalayan kingdom has a unique system that measures development through spiritual and emotional growth instead of material production. It's an interesting idea. Is anyone seriously proposing that when we look at growth, we should like, knock points out of g d p?
The US economy has shrunk for two consecutive quarters. That’s technically a recession. But economists aren’t so sure we’re actually in one. Madeleine Ngo and Jacob Goldstein explain.
This episode was produced by Avishay Artsy and Miles Bryan, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Efim Shapiro, and hosted by Noel King.
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