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« No way to run a railroad | Main | Life in the slow lane »

Jan 29, 2013


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From the link:

Romer, a Stanford professor who gets mentioned as Nobel material, suspects the problem lies not in productivity, but in the way we measure the economy. "One possibility is that the productivity slowdown is the result of price mismeasurement," he offers. "I suspect that the statistics are a problem, and that the slowdown is overstated-or might not even exist."

Arguing with the science? the math?

Whatever, it's 'Best-Looking Contraction in U.S. GDP You'll Ever See'

I suggest we torture language with economic terms like 'negative growth' as we stagger toward 1937.

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