The Flaws of GDP Accounting Explained

Bob looks at the misconceptions and misuses of GDP accounting, explaining why this widely accepted metric often paints a misleading picture of economic health. Bob's 2009 Mises Article on Krugman: https://Mises.org/HAP482a Human Action Podcast Episode 481 on Business Cycle Theory: https://Mises.org/HAP482b Bob's Mises Article on GDP: https://Mises.org/HAP482c