Makes sense, thanks! The use of “doubling GDP is so massive that...” made me think that you were taking that as given in this example, but worrying that bad things could result from GDP-doubling that justified conservatism. That was certainly only one of a few possible interpretations; I jumped too easily to conclusions.
Makes sense, thanks! The use of “doubling GDP is so massive that...” made me think that you were taking that as given in this example, but worrying that bad things could result from GDP-doubling that justified conservatism. That was certainly only one of a few possible interpretations; I jumped too easily to conclusions.
That was not my intent, and it was not the way I parsed Caplan’s argument.