Federal Reserve Chair Janet Yellen this week called low productivity a “significant problem” and said the reasons behind it were unclear, making it hard to predict when there’d be a pickup.Productivity in the news. We have one tax currency, and we use that tax currency to measure growth and work. Except the currency is high risk, it is generational default time. So, corporations and firms, as best they can, move to internal production to avoid transacting in a currency supporting a defaulting government. The web helps us.
We do not know when Goldman-Sachs is pulling the plug on the old system and switching to the new.