Includes “… Some have questioned whether the G (Government Spending) belongs there at all, from an opportunity cost perspective, as government spending relies on taxes or borrowing money that could have been spent by somebody else. But let’s put that interesting debate aside and consider whether what is good for the goose is good for the gander. If GDP should include government spending, should our government do a better job of including the cost of government in its measures of the cost of living?”
Read the full article on: Bill’s Blog