Verónica Bäcker-Peral @VBPeral · 16 Jul 2026
Second main result: the timing of growth reverses. The conventional view puts the peak of US growth in the postwar "golden age" — but that view rests on price data from exactly the black-hole period. We estimate real goods-consumption growth of 5.4%/yr in 1900–1939 vs 4.2% in https://t.co/hPIDIOW2KT
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