Why do we care about GDP? Isn't Net Domestic Product what's important?

[Voltaire2]

3. We have the privilege of controlling the fiat currency of the global system.

Every other nation has to trade in dollars, all other currencies are valued against the dollar.

In addition, and not unrelated, the global safe investment security is our treasury bond.

As has been demonstrated repeatedly, our government can generate huge deficits, our economy huge trade deficits, and that does not result in out of control inflation.

The recent round of inflation was a direct result of post pandemic restart issues, not the giant deficits we incurred supporting our citizens and our businesses.

The crisis the global system is in is not a consequence of currency inflation, it is instead the polycrisis of resource depletion, environmental destruction, social instability and the periodic ‘build out’ stagnation of capitalism.