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If only there were a way to ensure that people were protected from destitution during a recession... a "social safety net", one might call it https://twitter.com/thetimes/status/1242534972487077903
This type of analysis is utterly insane and morally bankrupt, sorry
The trouble with economics is that we layer on so many assumptions and obfuscations when we try and think about things in terms of eg GDP that we end up entirely abstracting ourselves from the things that actually matter and instead saying things which are utterly, utterly stupid
The relationship between long-run GDP and welfare between countries doesn't tell us anything about the relationship between short-run GDP and welfare in an already rich country. And anyway, the relationship isn't immutable, it's policy dependent (!!!!)
