Wednesday, December 02, 2009
Should We Believe the GDP? - Doug French - Mises Institute
Should We Believe the GDP? - Doug French - Mises Institute: "Murray Rothbard always made the point in his class lectures that GDP figures were suspect because government outputs are included. Of course, government doesn't produce anything that consumers will pay for willingly, thus it must take from the productive economy to provide these services. So there is at least double counting of the outputs."
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment