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by kalimanzaro
1161 days ago
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even for macro trends, the E likes to cherry pick its data. The US PPP trend has been sad for a while now, (thats not even per capita) https://www.researchgate.net/figure/US-GDP-at-purchasing-pow... There was another E agitprop piece recently, implying that the internet contributed to 20% TFP growth since 1990s, but the reality is that most of that growth happened before 2005, with a decline since then. I had to check the data because Krugman had just blogged about "the internet did nothing for productivity" (for the nth time?) https://archive.ph/RgOq3 in both pieces, the E lifts America pretty much by comparison to its closest peers, who happen to be social democracies running out of natural resources and boomers. |
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