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Saturday, May 02, 2015

More evidence for a Great Stagnation, Scott Sumner | EconLog | Library of Economics and Liberty

More evidence for a Great Stagnation, Scott Sumner | EconLog | Library of Economics and Liberty



For once, it is worth reading the comments:



It's just that the value ended up mostly going to consumer surplus instead of producer surplus. This doesn't get picked up by our standard measures of economic activity,


We are seeing a transition to an economy which is no longer measured well with traditional methods. Just about everything which is improving is getting damn near free.

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