Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
No, it wasn't clear to me.

But I don't see the relation with

there isn't a sensible mathematical definition of "real GDP" or the "price level"

from that observation.

Der Amerikaner ist die Orchidee unter den Menschen
Volker Pispers
by Martin (weiser.mensch(at)googlemail.com) on Fri Feb 27th, 2009 at 10:45:39 AM EST
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