[covidacct]

The ability of workers to capture their own productivity gains is a lower than it's been in a century. This crisis will push the second derivative lower.

[cinquemb]

But we don't like talking about M2V[0] anymore because it didn't jibe with the daily propaganda for years that all is well

[0] https://fred.stlouisfed.org/series/M2V

[jibe]

People, especially the press, don't talk about M2V because they don't understand it. No one does outside finance or econ classrooms, and most of them don't either. BTW, jibe, not jive.

[jibe]

Maybe productivity gains are vastly overstated? Or more specifically, productivity numbers are distorted by a few industries that have had extreme productivity gains, while most have stagnated.

[imtringued]

You are offering an explanation for a situation in which everything is fine. Unfortunately we already know that this is not the case.