Finance ‘Growth’ That Wasn’t
10:41–11:57 · 76s
Coyle recounts how a mid-2000s change to measure finance inflated GDP by counting risk-taking, culminating in the absurdity that finance’s biggest GDP contribution came during the crisis quarter.
10:41–11:57 · 76s
Coyle recounts how a mid-2000s change to measure finance inflated GDP by counting risk-taking, culminating in the absurdity that finance’s biggest GDP contribution came during the crisis quarter.
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