Rebel Capitalist News You Won't Believe This...
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Feb 18, 2026 A sharp critique of mainstream economic narratives and CNBC's 'boom' framing. Discussion of why GDP can mask real hardship and why labor data tells a different story. Examination of inflation's unequal effects, grocery access in high‑crime areas, and how AI-driven productivity can cut headcount. A warning about fragile aggregate demand and the risks of relying on asset price growth.
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GDP Alone Paints A False Picture
- Major economists focus on GDP while ignoring many labor and consumer data points that show diverging realities.
- George Gammon argues this selective focus creates a misleading narrative of a booming economy for most Americans.
Ivory Tower Disconnect From Main Street
- Gammon paints ivory-tower economists as disconnected elites living in wealthy coastal bubbles.
- He uses this to explain why they dismiss the struggles of Midwestern and lower-income Americans.
Historic Low Consumer Sentiment Persists
- Consumer sentiment remains at historic lows despite strong headline GDP in recent years.
- Gammon links low sentiment to pandemic policies and structural changes, not just temporary noise.