What GDP Figures Do Not Reveal
Janan Ganesh, an often original if not iconoclastic columnist, asked why bad governments such as populist ones don’t seem to undermine economic growth, at least in the short run (“Why Hasn’t Populism Done More Economic Harm,” Financial Times, January 23, 2024). This provides us with a good opportunity to review what GDP numbers cannot prove. … Continue reading What GDP Figures Do Not Reveal
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