The Great Debate©: Is Productivity Driving the Economy or Is It Something Else?

The opinions of both economists cited in this article are wrong. Take a look at the 5 major recessions we’ve had since 1980 (this commonly used graph was recently used in Professor Stephanie Kelton’s excellent article:

US Manufacturing: What Are The Prospects?

by Elliott Morss, Morss Global Finance Introduction The way the US economic system is structured, employment is key: an unemployment rate higher than 6% is a problem. And there is great concern about job losses in manufacturing. How justified is this concern? To understand what is happening, a brief review of how overall employment in …