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.)
Bonnie Blue Says She’s Pregnant by One of 400 Men. Three of Them Are Now on
Record Doing the Math
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I hate giving her the attention she wants, but this one is hard to ignore.
Bonnie Blue, whose real name is Tia Billinger, is a British adult-content
creato...
28 minutes ago
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