Mises Daily
Author:
Peter St. Onge
Online Publish Date:
One of the more interesting economic debates in the past couple of decades is why the economy is slowing down. Since 2000, per capita GDP growth in the US has been 0.9 percent per year, compared to 2.3 percent per year in the previous fifty years. This is a big difference: at 2.3 percent growth we double in wealth every generation. At 0.9 percent