Key Insights on Productivity

Productivity growth has declined dramatically from 3x in 1880-1930 to 2x in 1930-1970 to 1x since 1971 due to exponential regulatory expansion

• "All learning is anti-forgetting" - great founders typically have zero introspection and focus relentlessly on building rather than self-analysis
• The world's best programmers are experiencing 10x productivity gains: 'I'm not twice as good as I used to be. I'm like 10 times as good' - Mark
• Productivity growth has been running at half the pace of 1940-1970 and a third of 1870-1940, meaning we've had minimal technological progress for 50 years

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