In his book Meltdown, Dr. Thomas Woods says (p. 104) that in1946 "the private sector [in America, presumably] experienced the greatest single growth spurt in American history."
But Gary Galles says "[Under Coolidge, r]eal economic growth averaged 7% per year (the highest growth on record)."
Who's right?
Woods is speaking of growth in a single year; Galles is speaking of growth under an administration. The two are completely different examples and both are compatible with each other.
To use a false example, I could easily say that in 2005, we had the fastest economic growth ever, but during the course of the Reagan administration, economic growth averaged higher year-on-year than in any other administration.
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