Rep. Ilhan Omar (D., Minn.), along with 5 totally different Democrats, not too way back launched H.R. 4894, the Actual Progress Indicator Act of 2021. The bill, solely six pages prolonged, is a apparent occasion of why Congress has a meager 28% approval rating.
The target is a progressive totally different to gross dwelling product, which presumably is an unjust instrument to prop up huge unhealthy enterprise. “The world desires new monetary indicators and monetary insurance coverage insurance policies which will prioritize and encourage truly sustainable and equitable enchancment,” Ms. Omar claims. The bill requires that “the top of each Federal firm, the President, the Chair of the Federal Reserve, and Congress shall” use every the true progress indicator and GDP when budgeting or forecasting monetary train.
https://www.wsj.com/articles/ilhan-omar-progress-gross-domestic-product-squad-11632672223 | Ilhan Omar’s Idea of Progress
