Tyler Cowen on Big Business, Socialism, Free Speech, and Stagnant Productivity Growth – #21
Manifold
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Is There a Better Problem in China?
The US seems to be woefully ignorant of the rest of the world, although the world cannot afford to be ignorant of the US. I don't think Americans have the same misconceptions say about Australia. But low productivity growth is nonetheless a major factor that if you just imagine all American incomes going up 2.5% as was often the case in the mid 1960s,. We would have a much happier country and there'd be a lot more opportunity," he says.
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