The Topic We Should All Be Paying Attention to (in 3 Charts)

www.blackrockblog.com

Technology is advancing so fast that traditional economic metrics haven’t kept up. This has serious implications. It helps to explain widespread misconceptions about the state of the U.S. economy, including the assertion that we reside in a period of low productivity growth, despite the many remarkable advances we see around us. It also makes monetary policy evolution more difficult, and is one reason why I’ve found recent policy debates somewhat myopic and distorted from reality.

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