Derek Scissors | AEIdeas
China announced its 2018 economic results Sunday night. They featured 6.4 percent annualized real gross domestic product growth in the fourth quarter. Real growth was announced at 6.8 percent in the first quarter. But do we know Q1’s 6.8 was right?
ASIA TIMES: FIXING CHINA'S NATIONAL ECONOMIC INDICIES
Derek Scissors | China Global Investment Tracker
Oren Cass, The Bulwark
Imagine a button that would instantly double the productivity of the labor market’s most productive quintile, but also cause the least productive quintile to drop out of the labor force. Would you push the button? The top quintile is more productive to begin with, so the gain from doubling its productivity exceeds the loss at the bottom—the tradeoff leaves our economy more productive and output higher. Read more here....