What I haven’t been able to grasp so far is why GDP even matters, how it’s okay for the US to run what looks like a ponzi scheme
Amitomics Part 1: Is Bitcoin Money?
Amit Gupta
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My understanding is that both of these are because basically every country in the world uses USD as their reserve currency, with many of their currencies being directly pegged to it.

Because of this, GDP is used as a competitive measure of the success of different economies relative to the US, and our government can behave alternately like a skeezy stock broker or a 5 year old who just realized that he can make in-app purchases on Clash of Clans with daddy’s credit card.

The flip side of this is that if USD ever stops being the world’s reserve currency, we’re completely fucked.

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