Martin Baily Growth Quotations

Historically, in the U.S. and in other countries, periods of rapid productivity growth have been periods of strong employment growth.

While the short-term growth outlook is somewhat weaker, the underlying economic fundamentals remain strong. This is not the time to abandon fiscal discipline in favor of large tax cuts. Maintaining a fiscal surplus helps keep interest rates attractive for investment.

It's hard to blame productivity growth for a lot of manufacturing job losses.