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I think his point is that the same source numbers are used to calculate both inflation and GDP. If you suppress inflation by undervaluing goods and services you
by jdblair 6y ago
I think his point is that the same source numbers are used to calculate both inflation and GDP. If you suppress inflation by undervaluing goods and services you also suppress GDP. You could get away with divergence if your didn't provide your data, but at least in the US, you can see all the input data.