Relevant and even prescient commentary on news, politics and the economy.

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SCOTT SUMNER II

…rate of growth of US per capita real GDP growth has been 2.1%– calculated as the exponential growth rate from 1945 to 2009. This chart shows the level of US…

A Bit More on Debt and Growth

…ratio and growth in the following three years.  Also the non parametric estimate suggest a much stronger relationship between higher debt and lower subsequent growth for low levels of debt…