What American Economic Decline?

13 Jun

Each unit increase on graph equals 0.1 increase in natural logarithm of US per capita GDP in constant PPP dollars. A straight line implies unchanging per capita GDP growth. Source: The Angus Maddison Project, with additional data from IMF WEO.

Despite the recent troubles, the US economy has shown consistent, resilient growth for nearly a century and a half.  If we take the long view, the US is not in decline at all.