a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment
nowaypablo  ·  3844 days ago  ·  link  ·    ·  parent  ·  post: Our Mismeasured Economy

    He's talking about how those private expenditures would be greatly reduced were it not for public subsidies, and that those public subsides don't count as direct government spending as a percent of GDP.

Aha, I think I understand. So, in an ELI5 sort of way, he is arguing that the govt. isn't getting enough credit;) Makes sense, thanks.