5 ms·
Growth is not over: https://research.stlouisfed.org/fred2/series/GDPC1 https://research.stlouisfed.org/fred2/series/GDPC1 Edit: To elaborate, the rantings of
by cms07 11y ago
Growth is not over:
https://research.stlouisfed.org/fred2/series/GDPC1 https://research.stlouisfed.org/fred2/series/GDPC1
Edit: To elaborate, the rantings of one economist who has been wrong many times over does not make for a compelling work.
- fweespeech 11y agoNo, but the rate of growth is slower than it was before.
- Zach_the_Lizard 11y agoThat's still a far cry from "growth is over."
- fweespeech 11y agoYeah, but headlines/titles are almost always exaggerations. The paper basically says "slower" not "over".
- cms07 11y agoI really find that hard to believe, and historically real growth has averaged about 2% year over year. Just because it has had short-run highs in the 1950s and 2000s does not mean that right now is abnormally low.
- ArkyBeagle 11y agoThe rate of growth as measured is slower. Example: Assume Netflix lacks the cash flow that Blockbuster had but provides better service - you don't have to drive to take the movies back. This means there's more consumer surplus but it's harder to measure.