Sad pictures

Utilization adjusted total factor productivity. Eli is tracking. And here is Eli on how to fix it with a new, progressive supply-side economics. I also like this:

We must reject the Gordon/Vollrath view that stagnation is normal, healthy, and a sign of success. It is a sign of dysfunction. The US is still a dirt poor country compared to what is possible. We have not already discovered all the useful inventions.


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