this post was submitted on 05 Dec 2024
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[–] MemesAreTheory@hexbear.net 9 points 3 months ago* (last edited 3 months ago) (1 children)

I'm not normally a "well, akahually" guy, but you're off by an order of magnitude in regards to size of US GDP. The annual GDP of the US is closer to 30 Trillion right now. We can hem and haw over how much of that is real production vs FIRE industry or other net negative value endeavors, but gambling on unregulated securities is not even close to being greater than the total GDP as of now. That doesn't mean it couldn't have humongous consequences, it's just important to keep our perspective.

[–] Assian_Candor@hexbear.net 6 points 3 months ago (1 children)

Damn ty embarrassing

I meant to put budget not GDP

[–] MemesAreTheory@hexbear.net 4 points 3 months ago

That would make more sense! Simple edit.