3 ms·
Good points - however, not sure if you're arguing against yourself here (or if you're talking about different time frames): > If you double America's output to
by e12e 9y ago
Good points - however, not sure if you're arguing against yourself here (or if you're talking about different time frames):
> If you double America's output today, and take the GDP up toward $40 trillion - who is going to buy all of those products and services in the near term? Nobody, it couldn't happen over a short period of historical time (10-20 years); that supply could not be absorbed (...)
> If you're the US in 1990 with a $6.x trillion economy (20-25% of global GDP), doubling that quickly is essentially impossible.
US GDP[1], inflation adjusted :
Dec 31, 1990 8.91 trillion
Dec 31, 2010 14.94 trillion
It's not quite double in 20 years, but it's closeish at 1.67x? (An actual question, I'm not sure if you'd consider it close). Looks like it'll be doubled this year - so I guess one could view that as the slow-down (the extra 7 years).
[1] http://www.multpl.com/us-gdp-inflation-adjusted/table http://www.multpl.com/us-gdp-inflation-adjusted/table
Apparently those numbers are in "2009" dollars - while the numbers in "current" dollars is more like 6 to 15 (as opposed to 9 to 16) in the same period - I guess this might have to do with the 2008 crash?
https://bea.gov/national/xls/gdplev.xls https://bea.gov/national/xls/gdplev.xls