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Figure 8: For four decades education, healthcare and housing costs have increased far more rapidly than the personal consumption deflator. Their share of consumption has also increased underscoring how they have been a drag on productivity growth. The poor outcomes are well documented. Technology in the form of telemedicine, blended learning and work from home are ways out of the deadweight sectors productivity drag.

“Your Kids May Never Return to Normal Schooling:” Andreas KluthBloomberg 15-May-2020

Barry C. Knapp

Managing Partner

Ironsides Macroeconomics LLC



Reading List

“Showdown at Gucci Gulch, Lawmakers, Lobbyists, and the Unlikely Triumph of Tax Reform”, Jeffrey H. Birnbaum and Alan S. Murray

“A Great Leap Forward, 1930s Depression and US Economic Growth”, Alexander J. Field

“1493, Uncovering the New World Columbus Created”, Charles C. Mann

“Great Society, A New History”, Amity Shlaes

“The Second Machine Age”, Erik Brynjolofsson, Andrew McAfee

“Grand Pursuit, the Story of Economic Genius”, Sylvia Nasar

“The Rise and Fall of the Great Powers”, Paul Kennedy

“Capitalism in America, A History”, Alan Greenspan & Adrian Woolridge

“Diversity Explosion, How New Racial Demographics are Remaking America”, William H. Frey

“Clashing Over Commerce, A History of US Trade Policy”, Douglas A. Irwin

“Destined for War, Can America and China Escape Thucydides’s Trap”, Graham Allison

“The Constitution of Liberty”, F.A. Hayek

“Judgement in Moscow, Soviet Crimes and Western Complicity”, Vladimir Bukovsky

“1931, Debt, Crisis and the Rise of Hitler”, Tobias Straumann

My next book: “Nudge”, Richard H. Thaler & Cass R. Sunstein

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