On Second Thought, Maybe Bernie Sanders' Growth Claims Aren't As Crazy As I Thought

A couple of days ago I blasted the Bernie Sanders campaign for touting a stupendously optimistic study by economist Gerald Friedman of how their domestic spending plans would supercharge economic growth. This was based on a simple fact: the projections were far higher than anything in postwar US history. But I got to pondering this a bit more. The Friedman study projected very high GDP growth, which is just a combination of workforce growth and productivity growth. You can increase GDP by having...