Chip, It is a Beauty!
Perhaps the following will help people understand Greenspan's viewpoint. Here are some interesting statistics which put into perspective the FED's growth rate limitations. The total population is growing at about 1% a year. The labor force age group is essentially stagnant. Immigration increases these projections somewhat.
Resident Population of the United States: Middle Series Projections,
1996 - 2000, by Age and Sex
Source: U.S. Bureau of the Census
Release date: March 1996
(Numbers in thousands. Consistent with the 1990 Census, as enumerated.)
BOTH SEXES.........July 1,....July 1,....July 1,... July 1,....July 1,
..............................1996........1997......1998.......1999.......2000
Total Population..265,253...267,645....270,002....272,330....274,634
15 to 44 years....119,626...119,854....120,022....119,998....119,969
Skeet
|
