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the GDP is effectively a number representing average income (as an aggregate). Focus on a number representing median incomes or on the number representing, say, the lowest 5% of income would lead to very different policies (working towards improving the lot of the middles classes in the first case, and of the poor in the second case).

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Thu Sep 4th, 2008 at 09:39:28 AM EST
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