By David Stockman
David Stockman's Contra Corner
July 5, 2025
As of 1980, the rolling 10-year and 20-year real GDP growth rates stood at 3.2% per annum and 3.5% per annum, respectively.
Owing to a slight boost from the good parts of Reaganomics-sweeping deregulation, tax rate cuts, and sound money, which were partially offset by the long-term ills owing to the abandonment of balanced budgets-the respective moving averages rose a tad to 3.5% and 3.6% per year by 1988, respectively.