Long

2024

Coin

<ul class="news-points wp-block-list">
 <li><strong>DOGE aims to redefine economic health by focusing on Gross Output over traditional GDP.&nbsp;&nbsp;</strong></li>
 <li><strong>B2B spending, critical to U.S. growth, is overlooked by GDP but captured in Gross Output.&nbsp;&nbsp;</strong></li>
 <li><strong>Simplified regulations and DOGE focus could bolster private-sector growth and economic accuracy.</strong></li>
</ul>
<p>As discussions about the U.S. federal budget intensify, some business leaders and economists are proposing changes to spending cuts and how economic health is measured. This follows the proposal for a new federal agency, the “Department of Government Efficiency” (DOGE), to streamline regulations and reduce costs for businesses.</p>
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   <p lang="en" dir="ltr">Indeed they do. But the Dept of Govt Efficiency (<a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#DOGE</a>) would need to move fast bc the Senate math is unfavorable to the GOP in 2026. If the DOGE team really plans to do something big so it has a chance of being durable &amp; not reversed by the next president, it’d need to be fast.</p>— Caitlin Long <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f511.png" alt="🔑" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7e0.png" alt="🟠" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CaitlinLong_) <a href="https://twitter.com/CaitlinLong_/status/1850709878471532580?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 28, 2024</a>
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<p>In addition to reducing the $6 trillion budget, advocates believe the agency should redefine economic metrics, shifting from Gross Domestic Product (GDP) to a more accurate measure of economic activity.</p>
<h2 class="wp-block-heading" id="h-rethinking-economic-measurement-from-gdp-to-gross-output">Rethinking Economic Mea…</h2>
<p>The post <a href="https://coinedition.com/beyond-gdp-experts-call-for-new-economic-measurement-approach/" rel="noopener noreferrer nofollow">Beyond GDP: Experts Call for New Economic Measurement Approach</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Beyond GDP: Experts Call for New Economic Measurement Approach

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