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Economic Statistics

Picture
   
INFLATION:
https://www.zerohedge.com/article/tale-two-inflations-here-why-us-cpi-indicator-flawed-and-why-bernanke-will-maintain-zirp-rev
Picture
http://WorldHappiness.report/

We agree with Andrew Yang 2020:

"Traditionally, the economy has been measured by looking at the Gross Domestic Product (GDP) or the stock market.
When you measure something, you implicitly set your policy goals. By focusing our measurement on GDP, we’ve promoted production over all else. Employment rates and household income are also used to measure how the average worker is doing.

However, even the creator of the GDP admits that it doesn’t really reflect the full story. And, as economic inequality rises and the fruits of society’s labors accrue to fewer individuals, it’s become obvious that we need to expand our definition of economic prosperity past a single number.

The bottom 80% of Americans only own 8% of stocks and rising GDP has virtually no relationship with each citizen’s wellbeing.

It’s time to start measuring economic prosperity using a wider index that measures human as well as monetary indicators, such as (but not limited to):
  • Quality of life and health-adjusted life expectancy
  • Happiness/Well-Being and Mental Health
  • Underemployment
  • Income Inequality
  • Consumer and Student Debt
  • Work and civic engagement levels
  • Volunteerism
  • Infant mortality
  • Quality of infrastructure
  • Access to education
  • Marriage and divorce rates
  • Substance abuse and related deaths
  • National optimism
  • Personal dynamism/economic mobility

Why use GDP as a proxy for how Americans are doing when we can easily measure that well-being directly?
 
Our economic system needs to be updated for a new era. GDP and profitability are increasingly unrelated to how most of us are doing in real life. We need to implement a new set of measures like mental health, happiness, childhood success and quality-adjusted life expectancy that actually indicate our progress as a society and then channel resources to improving them. We don’t exist to serve the market.

Refocus our measuring tools to better capture the actual economic/well-being of the American people

Expand our measurement tools to account for other human factors that should be used to determine policy

Let these numbers set our policy focus and set goals against them

Task government departments with improving performance against various new measurements"
​

   
   
  
ORGANIZATIONS:
Institute for Economic Analysis (IEA)
Strives to develop tools for macroeconomic analysis and policies that will maintain stable full-employment growth, low inflation, low interest rates, and equitable distribution of income and wealth.
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  • HOME
  • ABOUT US
  • MISSION STATEMENT AND GOALS
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  • FAQ
  • JOIN THE COOPERATIVE PARTY
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  • ASK A QUESTION
  • REGISTER TO VOTE
  • MAKE A SUGGESTION
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  • .
  • PARTY PLATFORM...
  • Abortion
  • Agriculture and Food
  • Animal Welfare
  • Anti-Consumption Taxes
  • Anti Corruption Act
  • Artificial Intelligence and Robotics
  • Balanced Budget
  • Banking
  • Campaign Finance Reform
  • Cannabis
  • Carbon Sequestration
  • Climate Change
  • Comprehensive Annual Financial Reports
  • Constitutional Amendments
  • Cooperatives
  • Cooperatives in America
  • Corporate Rights and Responsibilities
  • Criminal Justice Reform
  • Death Penalty
  • Deep State
  • Economic Statistics
  • Education
  • Electromagnetic Pollution
  • Energy
  • Enhanced Interrogation Techniques
  • Environmental Protection
  • Equal Pay
  • Executive Orders
  • Federal Reserve
  • Fluoride
  • Foreign Policy
  • Fracking
  • Gender
  • Gerrymandering
  • GMO
  • Green New Deal
  • Guantanamo
  • Gun Control
  • Health Freedom
  • Home Ownership
  • Homelessness
  • Immigration
  • Income Inequality
  • Income Tax
  • Infrastructure
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  • Internet
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  • Lobbying
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  • Medicare For All
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  • Minimum Wage
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  • Opioid Crisis
  • Paid Leave
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  • Political Correctness
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  • Sovereign Wealth Fund
  • Student Loans
  • Territories
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  • Universal Basic Income
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  • .
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  • CLICK HERE FIRST
  • WHAT IS COOPERATIVISM?
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  • THE POLITICAL COMPASS
  • REPUBLIC OR DEMOCRACY?
  • LEFT VERSUS RIGHT
  • WHAT IS A CONSERVATIVE?
  • WHAT IS A LIBERAL?
  • LIBERAL VERSUS CONSERVATIVE
  • WHAT IS THE DIFFERENCE BETWEEN A LIBERAL AND A LEFTIST?
  • WHAT IS A LIBERTARIAN?
  • WHO IS A PROGRESSIVE?
  • WHAT DO GREENS SUPPORT?
  • WHAT IS SOCIALISM?
  • OTHER POLITICAL PARTIES
  • .
  • CREATING A NEW POLITICAL PARTY
  • Alabama
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