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Sure, and we could have blown the lead in the 70s, the 80s, the 90s, the 00s, the 10s, etc. But we didn't. We valued entrepreneurship, hard work, and being th
by joefranklinsr 8y ago
Sure, and we could have blown the lead in the 70s, the 80s, the 90s, the 00s, the 10s, etc. But we didn't. We valued entrepreneurship, hard work, and being the best.
50s was an anomaly with a 36% growth rate, like you said, because we were all that were left. The economy currently is very stable, diversified, and fast growing still for its size, some 70 years later.
- 18pfsmt 8y agoWhere on the US Bureau of Economic Analysis' site do you find 5% GDP growth? https://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm https://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease... I keep seeing these overly optimistic GDP growth numbers, but I can't find them.
- joefranklinsr 8y ago4.8% https://www.fxstreet.com/news/atlanta-fed-q2-gdp-estimate-rises-to-48-from-46-201806141617 https://www.fxstreet.com/news/atlanta-fed-q2-gdp-estimate-ri... 4% https://www.cnbc.com/2018/06/15/goldman-sachs-model-now-points-to-4-percent-second-quarter-gdp-growth.html https://www.cnbc.com/2018/06/15/goldman-sachs-model-now-poin...
- themagician 8y agoMy point is that most of where we are today can be attributed to the post war advantage and not any specific policy decision. We are increasingly losing ground to China in terms of output and GDP growth and losing out massively to Europe in terms of quality of life.