John Cochrane: GDP per capita rises from $6,969 in 1933 to $70,000 in 2025

John Cochrane: GDP per capita rises from $6,969 in 1933 to $70,000 in 2025
Tenfold GDP per capita increase

John Cochrane draws attention to a striking increase in GDP per capita, rising from $6,969 in 1933 (2017 dollars) to $70,000 in 2025.

He argues this tenfold jump underscores ongoing debates over growth versus redistribution as the key driver of progress for less fortunate populations.

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