How much does it benefit the actual people of that economy though.
Bottom line GDP is all well and good, but not if it's all concentrated at one en d of the curve.
Pace MMT arguments it funds public services, at least. And in an economy where most paths to traditional middle class comfort have been hollowed out it allows some grads to escape.
@NickCJ started
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How much does it benefit the actual people of that economy though.
Bottom line GDP is all well and good, but not if it's all concentrated at one en d of the curve.