Wednesday, November 25, 2015

Describing the decline of capital per worker

Growth economics blog - describing the decline of capital per worker. Hey, here's an idea: maybe the decline in capital investment is a rational response to the obvious end of government investment in public capital?

Cuz why would you bother to invest in new plant and machinery when you know that 30 years from now the United States is going to have devolved into a medieval theocracy with dirt roads where there used to be an interstate system?

I'm only saying.

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