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5 months agoWhen your fire insurance is worth more than your house.
When your fire insurance is worth more than your house.
I used to love it as a socratic tutor. All I need it to do is ask reasonable questions to challenge my understanding. But later releases of chatgpt made it too focused on giving you the answer.
Why would I buy lunch today when I can just buy lunch tomorrow for a little cheaper.
The criteria for the GDP measure changed in 2009 which put a heavier weight on R&D capitalization. This makes it an unfair comparison since China economy is mostly manufacturing-based. The fact that their growth rate is so high despite this is very notable.
They just happen to publish a new System of National Accounts (SNA) every time this happens. Last time it was to put more emphasis on R&D.