Goralnik Strikes Economic Rhetoric Gold

“Actually, the hermit kingdom of Bhutan – not exactly an exemplar of financial sophistication – has recently moved in Dennison’s proposed direction by adopting a measure of “gross national happiness.” This will likely be a fabulous propaganda tool for the country’s monarch while telling economists very little about the actual health of the economy. Not only will cooking the happy books be child’s play, but issuing debt to buy Red Stripe and seasons of “South Park” will become the new Keynesianism.” [Link to BDH Article]