Detailed text transcripts for TV channel - MSNBC - 20171123:17:23:00
Expansion the average gdp growth is around 2.2%. >> right. >> now, you teed it up exactly correctly in my view. this is not some lever that anybody knows how to pull. the combination of labor force growth and productivity growth is what sets the economy's speed limit. and there are a bunch of things that go into that including the aging demographics. >> right. >> so the problem is because economists don't really know what makes productivity speed up or slow down, you have what i call the empty hole problem in economics. i think harwood will recognize this. this is the idea when nobody really k...
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