Eric Zencey Quote

Creative destruction can apply to economic concepts as well. And this downturn offers an excellent opportunity to get rid of one that has long outlived its usefulness: gross domestic product. G. D. P. is one measure of national income, of how much wealth Americans make, and it's a deeply foolish indicator of how the economy is doing. It ought to join buggy.

Eric Zencey, in G.D.P. R.I.P., The New York Times, 9 August 9, 2009

https://www.nytimes.com/2009/08/10/opinion/10zence...