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  5. Demand is best measured in terms of spending. You know, I...

Demand is best measured in terms of spending. You know, I think in traditional economics, it's a mistake to measure it in terms of the quantity of goods.

Ray Dalio
Mistake, Thinking, Demand
Speech at the Corporate Program's CEO Speaker Series, www.cfr.org. September 12, 2012.
Demand is best measured in terms of spending. You know, I think in traditional economics, it's a mistake to measure it in terms of the quantity of goods.