
Ep. 27: Eli Dourado on Supersonic Jet Flight, Energy & Climate Innovation and Regulatory Hacking
Stranded Technologies Podcast
What Is the Greatest Thing Nation?
Economic growth is important because it either directly leads to or correlates very strongly with everything we care about, right? If you care about, like your material situation, right, you care about economic productivity. And so what happened historically in the US was that from about 1920 to the early 1970s, total factor productivity was growing at 2% per year pretty consistently. But then there was a change and it started to grow more slowly. We've had very stagnant growth in total factor productivity since about 2005. It's been about 0.3% per year. Americans are about twice as high today if this had not happened,. So accounting for TFP, but also for the deepening capital accumulation that would
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