3 ms·
While I may be sympathetic to some of his thesis, I stopped reading when I realized he was making up numbers, or getting them from an unreliable source. The 80'
by jackfoxy 17y ago
While I may be sympathetic to some of his thesis, I stopped reading when I realized he was making up numbers, or getting them from an unreliable source. The 80's and 90's were just fine for growth, thank you, and held for the most part above his magic 3% growth (82 and 91 were recession years) even so average GDP growth in both spans 81-90 and 91-2000 was 3.2%. Here are the numbers courtesy of the Statistical abstract of the United States calculating GDP in constant 1996 dollars:
1981 2.5%
1982 -2.0%
1983 4.3%
1984 7.3%
1985 3.8%
1986 3.4%
1987 3.4%
1988 4.2%
1989 3.5%
1990 1.8%
1991 -0.5%
1992 3.0%
1993 2.7%
1994 4.0%
1995 2.7%
1996 3.6%
1997 4.4%
1998 4.3%
1999 4.1%
2000 3.8%
2001 0.3%
2002 2.4%