The Minutes

Brad Gerstner on

economic history

3 entries, 31 Jan 2024 to 10 Dec 2024

On the recordsourced and dated, oldest first

    1. spoken

      Gerstner notes global GDP had almost zero increase from year zero to 1800 before growth began with Adam Smith.

      “Up until the year 1800, the year '0 to 1800, there was almost zero increase, right, in human prosperity, almost zero GDP. Adam Smith, Wealth of Nations, 1780.”

      31 Jan 2024 · iConnections · 22:54 · source · permalink
    2. spoken

      Gerstner says GDP was flat for 1800 years then went parabolic after 1800.

      “Eighteen hundred years, okay? Almost zero growth in GDP. And then just after the year 1800, you have this parabolic move in global GDP.”

      1 Oct 2024 · Summit · 7:05 · source · permalink
    3. spoken

      Gerstner claims all human GDP growth occurred after America's founding and wealth of nations publication.

      “So we have two thousand years, you have no GDP growth. And it all happens to magically line up with, you know, the founding of America, the wealth of nations, limited government, entrepreneurialism, etcetera.”

      10 Dec 2024 · Hoover Institution · 17:15 · source · permalink

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