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The ABC’s business editor, Ian Verrender, is the latest commentator to question the usefulness of Gross Domestic Product (GDP) as a welfare measure:
When it comes to mainstream economists, there’s nothing they enjoy more than a good old-fashioned disaster.
It’s here the dark clouds evaporate, leaving nothing but silver linings.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.