Re:US pauses all Federal aid and grants
by Aloisius on Wednesday January 29, 2025 @08:07PM
(#42873574)
There is no reason to believe that they would have achieved the same growth rate had they started with a larger economy.
As I stated, it is much easier to double growth when you're small and ultimately, growth rate doesn't matter as you can't spend growth rates. Nominal growth matters. The economy increasing by $5.5k per capita (2011 $) in the period after the civil war is a lot less impressive than increasing by $23k after WW2.
As I stated, it is much easier to double growth when you're small and ultimately, growth rate doesn't matter as you can't spend growth rates. Nominal growth matters. The economy increasing by $5.5k per capita (2011 $) in the period after the civil war is a lot less impressive than increasing by $23k after WW2.