There was another E agitprop piece recently, implying that the internet contributed to 20% TFP growth since 1990s, but the reality is that most of that growth happened before 2005, with a decline since then. I had to check the data because Krugman had just blogged about "the internet did nothing for productivity" (for the nth time?)
in both pieces, the E lifts America pretty much by comparison to its closest peers, who happen to be social democracies running out of natural resources and boomers.
https://www.researchgate.net/figure/US-GDP-at-purchasing-pow...
There was another E agitprop piece recently, implying that the internet contributed to 20% TFP growth since 1990s, but the reality is that most of that growth happened before 2005, with a decline since then. I had to check the data because Krugman had just blogged about "the internet did nothing for productivity" (for the nth time?)
https://archive.ph/RgOq3
in both pieces, the E lifts America pretty much by comparison to its closest peers, who happen to be social democracies running out of natural resources and boomers.