The Importance of Indicators in Economics

Matt Welch: A lot of our understandings of big cultural and economic things that are happening are really influenced by decisions researchers are making about these kind of seemingly small changes. He says there are so many things that are measured as part of the health of an economy or the progress or stability of individual people in an economy that's defining people as consumers, right? Welch: All of those are going to lead to a world in which as long as people are buying stuff, they're okay.