“Everyone has a general notion of what The Economy is,” writes Joel Achenbach in today’s Washington Post.
“It’s American business. It’s the gross national product. Wages. The unemployment rate. Housing starts. Durable goods. Not-so-durable goods. It’s all these things and many more, mixed together, a seething, frothing brew of human activity, somehow reduced, through the miracle of modern partisanship, into a political issue.”
How do you put your finger on something so amorphous? How do you get your arms around something so vast? If you’re Achenbach, you hit the street with two economists — one conservative, one liberal — and translate everyday life into basic economics. Like a car accident, where a little misery, it turns out, is good for the GDP.
How you see the economy, of course, depends on where you fall on the food chain. What are your personal economic indicators?