The Exorbitant Burden with Matthew C. Klein
The ACID Capitalist Podcast
00:00
Depression
The US had a really remarkable stable trend of GDP per person from 1947 to 2006, growing about 2.2% a year. Since 2006, 2007, you ended up with the point that because it ended up, the downturn was large, but not unprecedented. But the recovery was really, really slow. And so by the end of 2019, before the pandemic hits, we're about 18% below where otherwise would have been - absolutely in the US.
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