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Subject:  Re: On Argentina, Krugman, Mosler, and Wenzel Date:  2/5/2013  11:21 PM
Author:  smartmuffin Number:  393864 of 404

Your point about GDP is well taken.  We really can't emphasize this enough.  It's honestly the #1 argument I think Austrians should be making to our non-converted friends out there.

GDP is a nearly useless statistic that does NOT accurately reflect the quality of life of the average American.  It needs to be wholly rejected when the statists and their propagandists imply otherwise.

 Of course, this will irritate the MMTers quite a bit, who worship NGDP more feverently than the average Christian worships Jesus. 


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