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We've had rampant land price inflation which is not correctly reflected in the stats. GDP uses a deflator and that deflator doesn't reflect land prices, therefo
by branchless 11y ago
We've had rampant land price inflation which is not correctly reflected in the stats. GDP uses a deflator and that deflator doesn't reflect land prices, therefore printing through land doesn't show up fully.
- dredmorbius 11y agoQuite possibly. I'd amended my post prior to your reply, addressing this in part.