I’m a big fan of Andy Haldane’s economic work. An old favourite is his work on value investing versus momentum investing over VERY long time periods.
Anyway, his latest speech on economic growth is very interesting, well-researched, and utilises some great economic history to make a typically economist conclusion (i.e. ‘on the one hand…’). In a testament to how visualising data can really guide opinion, I present the below from the speech:
Huh. But that leads to this exciting chart (NB: note how arithmetic scale makes this much more powerful):