Trump floated GDP growth of 14-20% today. Sounds amazing, right?
Here's the problem: you can juice nominal GDP easily. Print trillions, helicopter drop it, watch the number go up. Mission accomplished.
But real GDP? The actual goods and services produced? That doesn't budge. You just get inflation and a weaker dollar.
Printing money changes the scoreboard. It doesn't change the game.
This is basic stuff. GDP in dollars vs. GDP in real terms. One measures nominal activity, the other measures ...