Thanks for pointing me to that post! It’s getting at something very similar.
I should look through the comments there, but briefly, I don’t agree with his idea that
GDP at 1960 prices is basically the right GDP-esque metric to look at to get an idea of “how crazy we should expect the future to look”, from the perspective of someone today. After all, GDP at 1960 prices tells us how crazy today looks from the perspective of someone in the 1960′s.
If next year we came out with a way to make caviar much more cheaply, and a car that runs on caviar, GDP might balloon in this-year prices without the world looking crazy to us. One thing I’ve started on recently is an attempt to come up with a good alternative suggestion, but I’m still mosty at the stage of reading and thinking (and asking o1).
Thanks for pointing me to that post! It’s getting at something very similar.
I should look through the comments there, but briefly, I don’t agree with his idea that
If next year we came out with a way to make caviar much more cheaply, and a car that runs on caviar, GDP might balloon in this-year prices without the world looking crazy to us. One thing I’ve started on recently is an attempt to come up with a good alternative suggestion, but I’m still mosty at the stage of reading and thinking (and asking o1).