BankNotes Archive – June 2015
BankNotes Articles from June 2015
How GDP Metrics Distort Our View of the Economy
MAY 15, 2015 — Christopher P. Casey GDP purports to measure economic activity while largely divorcing itself from the quality, profitability, depth, breadth, improvement, advancement, and rationalization of goods and services provided. For example, even if a ship — built at great expense — cruised without passengers, fished without success, … Read more
Read MoreNOISE!
R. Nelson Nash NOISE: a loud or unpleasant sound Full Definition of NOISE by Merriam-Webster 1: loud, confused, or senseless shouting or outcry 2a : sound; especially: one that lacks agreeable musical quality or is noticeably unpleasant b : any sound that is undesired or interferes with one’s hearing of something c : an unwanted signal … Read more
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