He is kind of late to the ball game on this particular article, but I definitely want to post his thoughts (see below). When Andrew is confused, I usually consider myself lost. This is not necessarily an exception, but I think I see a way out. While there are definitely measurement issues, if, after [...]
First I saw the op-ed. Then I saw Krugman’s response, which for his purposes was adequate, but I wanted more. Then I started writing. Then Thoma posts, taking care of things for me. I will still comment on a few things that largely mimic Thoma’s thoughts.
Consumption measures are convenient due to the smoothing behavior that [...]
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