We know the deflator is, can we figure out the real GDP in 2011 and that will be the real GDP in 2010 dollars, when we have the deflator relative to 2010.

Country A, in 1990, had about 300 per capita GDP as compared with Country B, which had 460 in per capita GDP.

Absolute value of luma gradient

Relative Colorimetric

Absolute Colorimetric

Relative colorimetric

Absolute colorimetric

So, to be fair and to alter our perspective, we have to bring in another data set, and that data set is GDP, or the country's earnings.

It's totally legit. It's done just for tax purposes.

And then this cancels with that and we get our real GDP.

Video This is the land.

The fog comes on little cat feet. It sits looking over harbor and city on silent haunches, and then moves on.

Now we could compute something related to this,

Just to show you what we plotted, here is income, GDP

So what would be the contribution to GDP?

Import goods are subject to high taxes.

The contrast between the sky and the mountain is striking.

But that's not the only way you can rig your data.

Let's say this is everything, this is the U.S. output.

As a control group.

Well, we know a few things.

I will try to condense this for you.

Every time x increases by 1, y is going to increase by 6.5.

Most Japanese opposed a tax increase.

In science, we do experiments systematically.

I've run several dozen such surveys in different parts of the world, and in all cases except one, where a group actually underestimated the trade to GDP ratio, people have this tendency towards overestimation, and so I thought it important to give a name to this, and that's what I refer to as globaloney, the difference between the dark blue bars and the light gray bars.

It is trillions, it's not billions.

Many of us are hostile to the consumption tax.

So, taxes, this is property tax.

In Germany, foreign bribery was allowed.

In each instance, the narrative gets switched.

This white line is year over year inflation growth, and let me do that in white.

20 billion dollars a year. 10,000 ads most kids see.

Well let's take a look. Let's take a look at the Great Depression.

People are crying out against the new tax.

This tax is not paid by whoever brings the Latte Macchiato, but by whoever drinks it.

But if attempted to that the generall level of prices has gone up by 2.5 , when form 100 to 102.5.

East Europe, Latin America, and OECD.

In general, people were against the consumption tax.

So our current ratio is four seven.

This graph shows the national debt as a percentage of America's GDP, and as you see, if you go all the way back to the founding, we borrowed a lot of money to fight the Revolutionary War.

The incidence of malaria is about a couple of million people get infected every year.

I am often contrasted with my brother.

The income tax rate increases in proportion as your salary rises.

The income tax rate increases in proportion to the salary increase.