Monday, October 23, 2023

30 year growth rates for U.S. and Europe

See Biden Gets European Help for His Big-Government Agenda: When Congress and the courts say no, his agencies recruit foreigners to apply pressure here at home by Phil Gramm and Jeb Hensarling. Excerpt:

"Over the past 30 years, real per capita gross domestic product in France and Germany, the EU’s two largest economies, have grown, respectively, from $28,670 to $38,913 (a 35.7% increase) and from $30,615 to $43,032 (40.5%). Real per capita GDP in the U.S. has grown 56.7%, from $40,108 to $62,866. Making America more like Europe gives the Biden administration the government it wants, but European economic results won’t give American families what they want."

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