Freaks, Geeks, and GDP Why hasn’t the Internet helped the American economy grow as much as economists thought it would? By Annie Lowrey Posted Tuesday, March 8, 2011, at 10:17 AM ET ——————————————————————————– If you have attended any economists’ cocktail parties in the past month or so—lucky you!—then you have probably heard chatter about Tyler Cowen’s e-book, The Great Stagnation. The book seeks to explain why in the United States median wages have grown only slowly since the 1970s and have actually declined in the past decade. Cowen points to an innovation problem: Through the 1970s, the country had plenty of “low-hanging fruit” to juice GDP growth. In the past…

March 11, 1948, Congress passes the Uintah and Ouray Indian Reservation Boundaries Act. This is to benefit the Ute Tribe of Utah. by William Welge