>>13310821Because measuring GDP in terms of PPP makes it a more accurate measure of 'happiness'. Would you rather care about the fact that you get paid a lowly wage for which you can barely afford living in the most powerful currency in the world, or the fact that your lowly wage is able to buy you more goods? That's what PPP measures, as opposed to other measures
>>13311160They sure can, and sometimes even do when the measures taken by countries widely differ (as is the case between China and the Western countries). We know that some of their statistics of theirs are a bit 'tweaked' because it's rather obvious and in such cases it just becomes a way for some economist to make his name known by estimating it. That's how we know all about Lewis' effect fuckery.
>>13311156They make it all more accurate, although a politician won't tell you that theirs stimulus is going to decrease your purchasing power over your lifetime, because they are a poliician.
>>13311195America is dead because your days of endless prosperity thanks to the power of the USD are coming to an end. There's nothing that can be done about it
