Industrial Production

A disturbing graph via Casey Mulligan.

One response to “Industrial Production

  1. Shouldn’t this be adjusted for amount of total consumption? Households consume a lot more services (telecom, television, air travel, insurance, etc.) today than they did eight decades ago.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s