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The Great Wall Street/Washington Con Job: Part 3 of The Recovery Which Never Happened

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The Great Wall Street/Washington Con Job: Part 3 of The Recovery Which Never Happened
10-26-2016, 12:09 PM,
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Contra Corner
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The Great Wall Street/Washington Con Job: Part 3 of The Recovery Which Never Happened
The Great Wall Street/Washington Con Job: Part 3 of The Recovery Which Never Happened

We return to the mystery of 0.3% per capita real GDP growth per year since the pre-crisis peak in Q4 2007 compared to 2.5% per capita growth during the golden era of 1870-1913. The "mystery" part of it, of course, is what we are fobbing upon our Keynesian bettors.


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