>Looking to human nature also helped Greenspan solve a perplexing >economic mystery. Over the last 150 years, it seems that the maximum >productivity growth the economy could achieve over a long period of >time was 3 percent annuallydespite a series of productivity-enhancing >innovations, from the steam engine to the Internet. His conclusion? >"What ultimately looks to be the case is that's the pace at which >human beings operate," he said. People simply can't process new ideas >more quickly. "The answer is that the human race, no matter how one >defines it, is not smart enough to do better." >
So the only humans in the world are Americans over the last 150 years? Not even consistent with his other statements.
