How Confident Are We That Middle-Income Convergence to the Global Productivity Frontier Is Now the Rule? Not at All...

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John Cole annoys me by directing me to Irwin Stelzer and his claim that under Trump economic growth is "around... 4%". It is not. GDP growth under Trump has been and is widely projected to be roughly 2.7% per year, not "around... 4%". Irwin Stelzer is a liar. Liars are not worth reading. The Weekly Standard needs to step up its game. Badly: Irwin Stelzer: National Debt Under Trump Rises to $21.7 Trillion: "The economy is growing at around a 4 percent rate in response to the tax cuts and to a revival of animal spirits as entrepreneurs and corporate chieftains wake up in the morning wondering not what the government is going to do to them, but what it might do for them...

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