A few thoughts on this fascinating paper. The tl;dr of the paper is that national TFP (a common measure of "technology") behaves as if it grows at a constant linear rate, not exponentially, as is usually assumed. If TFP in 1947 = 1, increment it up by 0.0245/yr, not 1.45%/yr.
(1) New Working Paper: the fundamental driver of growth in modern economies, Total Factor Productivity (TFP), is linear, not exponential.
This is a paper I did not expect to write...
How most water purifying companies are misleading you with their cheap marketing tactics?
What is the truth about mineral water?
An eye-opening thread🧵:
Disinformation and Fooled by Randomness.
https://t.co/q9tXBOc0aP
How nitpickers, trolls, disinformation artists like @ggreenwald/@Snowden play the same game of making you mistake the sensational/anecdotal for the relevant.
We are not naturally good at dealing with information.