Why Oh Why Can't We Have a Better Press Corps? (Yet Another National Review Edition)
At National Review, he writes:
Larry Kudlow on Federal Reserve on NRO Financial : I still can't forgive the [Federal Reserve] for decimating and deflating the bullish stock market economy five years ago, a move that temporarily ended the great productivity surge of the Internet revolution.
Productivity growth in the American economy, nonfarm business sector:
1996 | 2.7% |
1997 | 1.6% |
1998 | 2.7% |
1999 | 2.8% |
2000 | 2.8% |
2001 | 2.5% |
2002 | 4.4% |
2003 | 4.4% |
2004 | 4.2% |
I can't stand it. I really just cannot stand it.