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We're confusing real material impacts with GDP which is a purely monetary measure.

Sure, we'll be poorer in real terms or we will see inflation in the prices of, say, fossil energy. But who cares?

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman

by Migeru (migeru at eurotrib dot com) on Mon Nov 3rd, 2014 at 01:07:43 PM EST
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