I showed you this graph back in November, and even
dwelt on it some.
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Graph #1 |
Others also have been bothered by the continuing
collapse of long-run Potential GDP estimates:
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Graph #2 |
But wow. Here is the right way to show it, for sure:
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Graph #3 |
Graph #3, from Larry Summers, Brad DeLong, and Laurence Ball, via
FiveThirtyEight.
Well done, gentlemen.
And well done, David Yang. It is your name on the graph, after all.
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