As Productivity Growth Falls to New Lows, David Ignatius Warns Us of Dangers of Rapid Productivity Growth

Yes folks, this is yet another example of the which way is up problem in economics, which seems to badly afflict the Washington Post opinion pages. It's the old story of someone being told that its incredibly hot and humid outside and then rushing to put on hat, gloves, and an extra sweater.

The Labor Department released new data on productivity growth this week showing that in the second quarter of 2016 productivity actually fell for the third consecutive quarter. While this decline is likel...