• Katana314@lemmy.world
    link
    fedilink
    English
    arrow-up
    5
    arrow-down
    1
    ·
    13 days ago

    I agree that right now, our economists have a terrible way of defining a “good economy”. They have praise for a set of numbers such as the stock market rates, which have almost no connection to the well-being of common people.

    We need more medians and fewer averages; not to measure wealth when it’s spread among the extremes.