…is to ignore GDP growth rates and focus on household income growth rates, which anyway are what should really matter. Rather than continue to increase investment in manufacturing capacity, infrastructure,…

…labor, but history is full of examples of sustained growth with exploited abused labor. I’d say this is a reason to reject sustained growth as the be all and end…

…sequestration which started March 2013, 2013q2 growth was lower than 2013q1 growth. Growth since sequestration has averaged 2.7%/yr which is very low given the output gap. Cowen is using the…

…inherited wealth. But today, Piketty argues, we are returning to a world where economic growth is stagnating, and the rate of return on capital exceeds the economic growth rate. Unless…

…a business cycle. Looking at the position of the red dot of current data (1% UT index, 0% productivity growth), there really is no surprise that productivity growth is low….

…growth? I present you with the labor force participation rate, a statistic that Republicans magically found during Obama’s presidency. Econ 101: potential GDP = population growth+productivity growth. More people +…

…the expansion was halfway over. But the pace of growth in the second half of the recovery is far weaker. Hence, we have weaker wage growth. Here’s a graph of…

The division of labor is limited by the extent of the market. The model is a modified version of the simplified Romer 90 model. The modification is that there is…

…that countries have adopted to promote population growth are good in their own right, whether or not they lead to more rapid population growth. Parents of young children should be…

…like squiggles, here’s the update since then: The spending came first; then the job growth. Then consumer spending YoY went flat, and job growth has been decelerating. Which leads me…