tag:blogger.com,1999:blog-5713178645208582139.post3292093919149393370..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: CTU's Jack Bauer on the Great Stagnation HypothesisDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5713178645208582139.post-41150270357164916682011-02-08T11:45:53.667-06:002011-02-08T11:45:53.667-06:00As Mark Thoma pointed out, the whole debate is par...As Mark Thoma pointed out, the whole debate is parochial - centered on the US. We should not be misled by the wasted decade of stagnation in the US. Large parts of the globe are on the cusp of a Great Acceleration as you put it. <br />The US will slowly recede...40% of global GDP in 1960, 23% now, perhaps down to 10% by the time today's college kids retire. That relative decline will cut to ecbnoreply@blogger.com