The New Economy – what was so new about it?. Check out the “port” variables in the next slide. According to our speed limits, we were speeding……unless the speed limit has changed??? Maybe the port had moved during this tie!.
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Productivity Growth and the budget implications: What is happening to personal income tax, corporate income tax and capital gains tax revenue ? Why? Government outlays???Why?
So this was the goldilocks economy – people were working, making higher real wages, making gains in wealth in the stock market, had job security and were very confident in things (the future was so bright you had to wear shades!)