On Apr 3, 2009, at 9:10 AM, Eubulides quoted Alan Freeman:
> In about 1965, a long slowdown set in
Compared to what? The 1930s? Growth averaged 2.7% from 1930-1940. The average U.S. growth rate in the 1910s was 1.4%; in the 1920s, 2.9%.
From 1900-65, it averaged 3.5%; from 1965-2008, 3.1%. For the high neoliberal era, 1982-2008, it averaged 3.2%. Growth has slowed since 2000, yes - average 2000-2008, 2.2%. But really. If the long slowdown began more than 40 years ago, this is really a silly periodization.
Doug