SocraticGadfly: US govt overstates productivity

November 09, 2009

US govt overstates productivity

Why? The government doesn’t even have a handle on how much imports, whether manufacturing or services, actually contribute to the economy.

Brilliant!

So, the economy could suck even worse, and perhaps has been for some time, while the current neolib occupant of the White House is no more likely to address this at a structural level, IMO, than his predecessor.

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