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GDP, Measured in Gold

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Robert Blumen

24hgold

Published : February 28th, 2004

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Economist Paul Kasriel looks at the GDP measured not in dollars but in gold and finds that it peaked in 2001 has been declining since. Kasriel says: " 'real' GDP peaked in 2001, and has declined for two successive years since. Of course, this is consistent with the notion that a nations standard of living declines."

Robert Blumen

Robert Blumen is an independent software developer based in San Francisco, California

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