Reply to Recommended Book on GDP and Government Debt for dummies

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I was a STEM major and [b]never had an economics class[/b], so I’m looking for something to make sense of GDP. Specifically, interested in the health of the economy. Maybe the different philosophies at play currently. Something fairly simple to understand. Maybe put in terms analogous to a household?

Is it healthy to have high government spending if the government is just borrowing money? I mean if I make $200k/ and borrow another $100k, I can’t shouldn’t say I made $300k last year, can I?

Should GDP include government spending? Or should government. Spending be a separate metric?

Then, there’s all the spending necessary to maintain friendships with other countries. It is pay to stay friendly, right? If we don’t spend / invest in our friends, they won’t be our friends any longer and will look to others, maybe people we don’t like, for that friendship.

At the end of the day, I’m wondering if we’ve been too optimistic about the health of our economy for the past several years under Biden, and if what Trump is doing will actually lower the interest on our debt.

I need an education on the basics before I can get a better understanding of what is happening. I want to get past the blinkers that just see everything as this side is good and that side bad which we get online and in the media. [/quote]

Have you searched through your preferred bookseller site? Hopefully you didn't pay anything for college if you went through and didn't have to take an econ class. It should be required for all as should other classes such as Physics and Statistics, but these courses are not even required in high school All of them plus a few more should be required. Here are few old ones from grad school that may be of interest.[/quote]

I went to a T20 university. 🤷‍♀️ It was top three in the my area of study. The only econ we did was all related to corporations (eg, depreciating corporate assets). [/quote]

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