|
Mark Skousen and Gene Epstein return. Dr. Skousen is the speaker at the next NYC Junto meeting over which Gene presides. Dr. Skousen’s book “The Structure of Production” proposes an alternative to existing GDP accounting. Why is there a need for alternative national income accounting and what light might it shed on US economic performance? What difference does national income accounting makes in terms of policy and investment decisions? Does Mark agree with BLS inflation numbers or does he think they are understated, thus leading to an overstatement of GDP as economist John Williams insists?
|
