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  Barry, I think the whole crux of the problem is what you refer to as "the real economy".
  Every person is participant in the economy, and every family or individual household runs an economy, so it is macro and micro economy.
  
  And this regardless whether a person works in the public sector, or in the private sector, or is in retirement, or is unemployed. We are all part of the economy.
  
  When you start off with "the real economy", you have already excluded most people from consideration.

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