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The Great Drag

Posted: Mon Aug 15, 2011 12:34 am
by Jccarlton
I've always thought that one of the effects of the war on poverty and the entitlements was a huge drag on productivity and the investments to enhance productivity by the constant draining effect of massive government spending and intervention. Turn out that I was right:

http://macromarketmusings.blogspot.com/ ... actor.html

Welcome to the other side of the great society, the great stagnation.