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In English, that means I can think of a situation in which more is produced of everything but the GDP still would seem to increase or decrease depending on which good is used for money, and that the situation I am envisaging is not too much of a strain.

I think what this indicates is that there must be hidden inflation in the model. I have to think about how to quantify that.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman

by Migeru (migeru at eurotrib dot com) on Fri Jun 30th, 2006 at 08:17:59 AM EST
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