Whatever economic shock we feel over the imposition of more tariffs will be just the latest one, as anyone keeping a casual eye on the news over the last few years knows. We’ve sustained almost endless shocks, including a pandemic, shutdowns, high inflation, government layoffs, immigrant infusions and deportations, federal-fund claw-backs, and years of on-and-off tariff-induced trade wars.

Given all the exhausting disruptions happening worldwide, wouldn’t it be wonderful if we discovered that Americans can now produce more with less? Can people working fewer hours and earning more also produce more goods and services?

Believe it or not, there are some signs that this is happening.

Most Americans know that real GDP growth is a vital measure of prosperity; it is the value of new goods and

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