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Elias Håkansson's avatar

That 1.5% was from Piketty I think. Those high growth percentages in the 3s and 4s from the late 1800s were interspersed with more frequent recessions, bringing the average down to 1,5% back then as well. I don't think we have ever seen an average rate of growth in excess of 1,5% for any extended period of time!

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Lord's avatar

The rise in inequality is consistent with Trump era policies doubling down, reduced growth and deflationary conditions of the Great Depression, and with the transition of the Roman Republic to Empire. Waiting for ongoing evidence would likely prove too late to rectify..

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