@Rycaut
This is SORT of true. If I understand correctly there's a depreciation estimate that is subtracted from GDP. But this estimate is very crude. So if washing machine mfg all make their machines last 5 years instead of 20, there will be a long lag (maybe even a lifetime) before this estimate of depreciation catches up to reality. In theory, GDP doesn't go up, but not in practice.
@hamishb @GhostOnTheHalfShell @economics-that-works @FantasticalEconomics
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