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France/Germany can still be said to be falling behind in this graph - but super interesting to see anyway. I think part of the explanation is that the finance
by kzrdude 6y ago
France/Germany can still be said to be falling behind in this graph - but super interesting to see anyway.
I think part of the explanation is that the finance and high-tech sectors are way overvalued in money, and they shift the balance massively. This "inflates" the GDP in the U.S. This has basically been a conscious policy in the U.S. - "quantitative easing".