Monday, June 20, 2016

Reasonable people..............


.........................may reasonably disagree about the state of our economy, and how to improve it, but, this rings true:

"When quality improvements and new products are pervasive and so different from what came before, the national income accountants who construct gross domestic product might underestimate how much life is getting better."

-Greg Mankiw, who smartly offers no definitive answer to the economic puzzle

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