Tuesday, November 29, 2022

Which governments can get out of the way of growth?

John Cochrane reminds us to keep our eyes on the prize:
In the long run, nothing else matters. GDP buys you health, advancement of the disadvantaged, social programs, international security, and climate if you are so inclined. Without GDP, you get less of all.  Economic policy should have one central goal -- get productivity growing again, or (in my view) get out of the way of its growth. This is the one little hope that has not been let out of the policy Pandora's box, focused on everything else right now.

Macroeconomists classify two basic types of growth:  

  • More inputs (labor, capital) lead to more output (GDP)
  • Technological progress (Total Factor Productivity) increases output for the same level of input.





And here is the change in Total Factor Productivity across countries.  




We have blogged about the dearth of unicorns in the EU,
  Infographic: The Countries With the Most Unicorns | Statista 
Total Factor Productivity seems to be telling the same story.


5 comments:

  1. You have done a great job. I will definitely dig it and personally recommend to my friends. I am confident they will be benefited from this site.
    Accounts Receivable Process

    ReplyDelete
  2. To know more about Chief Dr Lucky you can visit his website (https://chiefdrluckyherbaltherapy.wordpress.com/)
     
     A friend that suffered from Herpes and was cure with the help of this great herbal doctor Chief Lucky so i decided to contact him for help in getting rid of my families genital herpes virus 1/2 which i did and all i was told to provide was just some useful information and some materials used in preparation of the natural cure and that i did and now i am the happiest person on earth because i am writing this testimony of mine with joy and happiness in my heart to the whole world to know that natural remedy is real because i am a living testimony of Chief Lucky traditional herbal cure and i want you all to contact Chief Lucky via his email: chiefdrlucky@gmail.com or WhatsApp him +2348132777335 am sure he will help you too.

    ReplyDelete
  3. Hello guys I would wish to share my testimony on how I got my edd funds I have been trying to get my edd done fit the two months i was told to first certify for 3 weeks which I had paid for but my edd card wasn’t delivered to me I changed my mail and called for card replacement and I was told I would get it in the next 10 working days but still nothing not until I was introduced to a company and in the next 8 working days I got my card and also few days later I got my funds
    Website: http://Alphasecuritycorporation.com
    Phone number: +12132951376

    ReplyDelete
  4. I know of a group of private investigators who can help you with they are also hackers but prefer to be called private investigators They can help with your bitcoin issues and your clients will be happy doing business with you,they can also help yo with your bad credit score,hacking into phones,binary recovery,wiping criminal records,increase school score, stolen files in your office or school,blank atm etc. Just name it and you will live a better life
    whatsapp +1 (984) 733-3673
    telegram +1 (984) 733-3673
    Premiumhackservices@gmail.com

    ReplyDelete
  5. Here We Go..

    If you are in search of legit Tools, Fullz & Tutorials for
    Hac-king, Car-ding, Sp-amming, Spying, Cyber Attacking
    We will provide you.

    @killhacks / TG/Icq
    peeterhacks / Wickr/Skype

    All tools will be genuine, verified, guaranteed
    Fullz available in bulk order
    Dumps with pins Track 101-202

    You just asked what you need
    We'll provide you stuff
    We don't do any job, just selling the stuff
    Replacement available only/N0 Refund

    C.C FULLZ
    S.S.N DOB D.L FULLZ
    HIGH.CREDIT.SCORES FULLZ
    Business EIN Fullz
    Office365 Logins/Emails Leads
    C-panels/Shells/SMTP's/Rdp's/Brute's
    Mailers/Senders/SMS Sender/Bulk Email Senders
    Key-Logger's/VPN's/RAT's/Viruses
    BTC Cracker/Flasher
    Kali.Linux Master Class With Complete Guide
    FB/WA H-ack-ing Tutorials/Tips/Tricks
    Sever Pene-tra-tion/SQLi Injector
    I.p's/Combos/Proxies
    PayPal/Coinbase/Amazon/Netflix/E-bay/Spotify Logins
    C-rackers/Extractors
    Fr**d B***e 2021/2022
    E.T.C

    @killhacks / TG/Icq
    peeterhacks / Wickr/Skype

    You can asked whatever you want
    We will fulfil your demands
    Just Try Our services

    ReplyDelete