Jason Hartman and Adamp take a deep dive into what GDP is and some of the plusses and minuses inherent to it. While breaking down a CNBC video explaining GDP they look at whether government spending should be increased, decreased, or left the same, how just because GDP is rising doesn’t mean our economy is improving, and much more.
[4:33] What Jason learned from a New York City bus driver
[10:26] The CEO of WeWork has stepped down, who helped show the importance of Commandment #3
[16:06] US GDP is 38% government spending
[21:02] Importance of looking at GDP rates and inflation rates
[26:40] The important relationship between income distribution and GDP