Linkspam for 16-8-2009

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1 Response to Linkspam for 16-8-2009

  1. steepholm says:

    True – I was simplifying so as to get the point across in a snappy way. But yeah – I’ve made that same point in the past. One trouble with relative measures is that it means that a drastic reduction in general living standards may actually make it look as if poverty is being eliminated. I suspect that poverty is being eliminated in Greece as I write, even as most people are getting poorer in absolute terms.

    On the other hand, I can see why they prefer relative to absolute measures.

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