Based on a comment I made here.
Bill Woolsey made the observation that: Critics treat nominal GDP as the product of real output and the price level.
We do not live in a barter economy with money add-ons, we live in a thoroughly monetised economy where prices, contracts and debts are set in money terms. I find this thinking that there is a "real" economy that generates monetary "epiphenomena" just bizarre. It is bad metaphysics parading as economics.
(As I discuss in my previous post.)
Supreme Court Extends the Stay on Texas Immigration Law ‘Pending Further
Order’
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SCOTUS will take action but we do not know when it will happen.
The post Supreme Court Extends the Stay on Texas Immigration Law ‘Pending
Further Order’ f...
33 minutes ago
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