bloom america

In March 1982, an organization called "Heart of the Rising Sun" was born.

Although at this time, such a game-like organization was not very popular, the United States is still doing well in its current form.

The GDP of the United States is still the first in the world at this time.

Even though the appreciation of the yen has exceeded 10%, this is still the case.

The deindustrialization and financialization of the United States continues.

However, at this time, a man named "George Glenn" stood up.

An article titled "GDP Doesn't Mean Everything" was published in the "Journal of World Policy" and quickly sparked heated discussions in the United States.

"In 1958, my 56-year-old grandfather suffered a heart attack. Many people were surprised by this. He was thin, with thick hair, a young face, and rarely got sick. He received the standard treatment at the time -

A long period of bed rest and morphine. After recovery, he continued the lifestyle he had lived before the onset of the disease: smoking, almost no exercise, and eating meat, potatoes and pastries made by my grandmother for three meals a day. Five years later, he suffered another heart attack.

The attack killed him."

"Had my grandfather been born 25 years later, he would have lived longer than 61 years. Over the past 40 years, scientific advances, both in the United States and overseas, have greatly improved the prevention, diagnosis and treatment of heart disease. In

In the United States in the 1960s, the chance of dying within a few days of a heart attack was almost 40 percent. In the 1970s, that chance dropped to 25 percent, and now, according to the latest blow, it's down to 25 percent.

15%. Today the probability is about 6%. Advances in medicine have given us early detection of heart disease, statins to reduce bad cholesterol, advanced coronary angiography to diagnose potential blockages, and reliable bypass surgery.

"We know that eating moderately, exercising and making healthy lifestyle choices can also reduce the risk of heart disease, and new research continues to improve prevention and treatment."

"In some ways, the two fields of medicine and economics have a lot in common. Both involve multiple professions and both strive to improve and maintain the health of complex systems. But unlike medicine, economics has not changed over the past 20 years.

Not much progress. In 1981, the United States suffered a disease that could have been diagnosed more effectively

To avoid serious economic heart disease. Now Americans seem to be relieved, but they are not aware of the crisis caused by this. The reason is that the government only prescribes the economic equivalent of bed rest and injections.

Morphine (low interest rates and some fiscal stimulus) without drastic lifestyle changes."

"The headlines in newspapers, radio and television continue to display key statistics on GDP, inflation, employment, etc. as usual. These indicators come from the U.S. Bureau of Labor Statistics and capitals around the world. Their influence is amazing.

, but most of them seem to have little to do with the actual situation on the street. But all

Governments, businesses and individuals around the world still use these indicators in their decision-making processes. And small revisions to the data can have a huge impact. Inflation rates can affect mortgage and savings rates, futures market prices, interest payments on Treasury bonds,

and cost-of-living increases in wages, pensions and social security benefits.”

"The world has changed dramatically in the past few decades, yet we are still using the same old standards, terminology and policies. These old statistics distort our perception of reality and give us a distorted view of the world and

Unreliable policy basis.”

"If you can't accurately diagnose the problem, you can't cure it."

"Now...it's time to take action..."

Although the meaning of the last sentence is unclear, the entire article is published here because the analysis is quite reasonable.

This indeed made many Americans admire loudly.

In the past few years, on the surface, the United States seems to have become better, but... in fact?

When wages increase, they face an inflation crisis. So far, perhaps their wages are very high, but the inflation they face is even more serious.

The depreciation of the U.S. dollar against the Japanese yen has filled Americans with indignation.

"So, just for this, you created a George Glenn?"

Elsa put down the newspaper.

Very good. Catherine has created a series of gadgets in the past two days.

"It's not me, this is Menendez's alias in the United States... George Glenn."

If a Gundam controller were allowed to travel through time, he would be unable to complain about Catherine's naming habits. The world's number one adjuster... ha, absolutely disgusting.

"This was the first of Menéndez's calls for world change, and it was also the beginning of everything."

Catherine said so.

But what Catherine said is also true.

The world of the future is fundamentally different from the world of more than ten years ago. So much so that the traditional economic perspectives and opinions that people usually hold look like strange antiques in the 21st century.

Without discussing things in the 21st century, we already know this world from the beginning.

From an economic perspective, the world in the early 1960s was a patchwork of inward-looking economies. Most goods were manufactured and sold domestically, with only a small amount of finished goods crossing borders between twenty or thirty countries.

Trade. Even in the United States, trade only accounts for less than 10% of the total economy.

However, since the late 1970s, isolationist policies have been generally abandoned and replaced by global trade and investment. Coupled with the promotion of new information technology, the world has entered the first truly global era. In this era

, goods, services, capital, talents and ideas are crossing borders at unprecedented speeds.

This is still the result of Catherine not completely releasing the beast of the Internet. If the Internet is completely released, then at least in the next thirty years, the world will face an explosive growth.

"Our future world will transform into a complex system of interdependence and ever-changing relationships. The methods used to estimate, diagnose and guide the current economy...well, like GDP, this thing is completely useless."

Speaking of which, GDP was created in the 1930s, when the U.S. Congress asked Simon Kuznets, a young economist at the University of Pennsylvania, to develop a unified national economic accounting system. The intention was to

Helped government officials grasp the economic realities of the Great Depression.

These statistics became the prototype for gdp, the first measure of economic health around the world. gdp is defined as the sum of the market value of all final goods and services produced in a country (or economic region) in a given year

, it changes the way people look at public policy

It has made permanent changes. Kuznets’ simple and easy-to-understand statistical methods are unique. In the past, few people would consult economists in the process of formulating national policies; but after mastering powerful new statistics,

After developing tools, economists transformed themselves into policy authorities in the post-World War II era.

However, even its creators were aware of the limitations of GDP. In 1934, Kuznets warned: "The prosperity of a country cannot be measured solely by the statistical value of national income." In 1962 he wrote again: "

You have to remember that there is a difference between the quantity of growth and the quality of growth, the costs of growth and the benefits of growth, and the short term versus the long term.” In other words,

GDP and its components can and do provide a measure of people's production and consumption - but they do not reflect the quality of the economic situation. For basic questions such as whether you consume too much of what you shouldn't consume, or save too little, GDP cannot provide

Answer. To any government statistician calculating GDP, $100 spent on textbooks is sadly no more valuable to society than $100 spent on cigarettes.

“Americans spend more than $15 billion each year smoking, and medical costs related to smoking-related diseases are estimated at $30 billion. The two combined equal approximately 1.5% of U.S. GDP—not something to brag about at all. The same goes for debt.

GDP can be increased in the short term by stimulating consumption, but later when the government and households have to repay loans and reduce spending, it will inhibit growth."

Speaking of which, Catherine is now half an economist.

"Relatively speaking, the Soviet Union does not count GDP, but calculates the gross output of workers and peasants. This is not bad, but it also has serious limitations."

"Very well, Kate, what exactly do you want to do? Why would you publish such an article using Menendez's... disguised identity?"

Elsa couldn't help but ask.

"Simply because of the American economy."

Catherine squinted at a report she had obtained.

This newly released report is a report on the growth of subprime loans. This report shows that since Reagan took office... the share of subprime loans has increased significantly.

Subprime loans are relatively high-risk loans, and borrowers often do not have full repayment capabilities. Before the 2008 economic crisis, it was called the "subprime mortgage crisis" and was caused by stimulus lending.

The origin of subprime loans... was during the Reagan era.

Originally, in the 1990s, subprime loans were about to explode, but at this time, the Soviet Union collapsed, and the United States encountered a very capable Clinton.

After that, there was a problem with real estate in the United States, and subprime loans were about to have problems again. But at this time, Clinton was quick to transfer it to the Internet. Then, of course, the Internet bubble burst.

However, after Bush Bush, there was no way to the United States. So, the subprime crisis broke out.

"According to my news, it seems that a codename A protein was sent to the Soviet Union. If the old sickness and ghost died so soon, the crisis could not be happened before the disintegration of the Soviet Union ..."

This is the most terrible thing.

But ... it is also an opportunity.

Isn't it?

Nympho

There is another more!

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