This is year-over-year private sector real GDP growth over the last decade
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Friday ~ April 27th, 2012 at 11:24 am
curtd59
So, this just means that companies are a lot more efficient now and that we have a lot of labor in the population that can’t find productive employment given the productivity of the current businesses, right?
And we know that at the young and old ends, people are dropping out of the work force. So the state misallocated capital by distorting credit, and by consequence caused misallocation of human capital and now we’re stuck with two lost generations because the state misallocated capital?
Good. Yes. I thought so.
Friday ~ April 27th, 2012 at 1:34 pm
The GDP release and how some seem to be content with what we´ve got. | Historinhas
[...] he follows that up with what I thought was an enigmatic post called “”The turn illustrated”. I really don´t know if he´s being sarcastic or really thinks “it looks decent” because [...]