Credit score and GDP: a master class in how using bad measurements gives you terrible results

Economics is a belief system, not a science, wielding the wrong tools for the job

Thermometer photo by Polina Tankilevitch from Pexels, Tools on table photo by Tima Miroshnichenko from Pexels, Peeler image by Walter Bichler from Pixabay, and photoshop by author

One way to build something wildly awful is to use the wrong measuring tools. Even the most skilled carpenter in the world will be incapable of building something wonderful…

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