Part 1. The ZIRP Economy Unmasked: Zero Growth In Private Labor Hours Since 1998

Every now and again the apparatchiks who dutifully tend Washington's statistical sausage factories accidently let loose a damning picture of what goes on inside. In that vein the BLS has just published the equivalent of a smoking gun. Namely, a study showing that in 2013---the year of 32% stock returns---the business sector of the US economy generated no more labor hours than it did way back in Bill Clinton's blue dress period (1998) yet produced 42% more output in real terms:
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