Thanks for that link. I hadn’t realized Henderson had written that, let alone just a few months ago! Its recency means he could critique the stimulus arguments of the last two years, making basically the same arguments I do.
My only complaint is that he noted that leaving off non-market exchanges (i.e. maid becoming wife) causes GDP to be understated, when he should have discussed its impact on the rate of change in GDP, which is more important.
Thanks for that link. I hadn’t realized Henderson had written that, let alone just a few months ago! Its recency means he could critique the stimulus arguments of the last two years, making basically the same arguments I do.
My only complaint is that he noted that leaving off non-market exchanges (i.e. maid becoming wife) causes GDP to be understated, when he should have discussed its impact on the rate of change in GDP, which is more important.