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This observation helps clarify my hypothesis that job learning costs no time that
document IMAGES-001-HOUSE_OVERSIGHT_011029.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

This observation helps clarify my hypothesis that job learning costs no time that might otherwise have been spent earning pay. My deeper meaning is that invested learning and maintenance learning are the same process costing the same time but with different economic effect, much...

Key financial market driver 3 - China growth outlook
document IMAGES-007-HOUSE_OVERSIGHT_024145.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Key financial market driver 3 - China growth outlook Key questions e When will the economy bottom out? e What economic policy responses can we expect to support the economy ahead? e How significant is the contagion risk from a possible downturn in the Eurozone? ClO View (Pro...

It would be nice to test from such a dataset, again starting from (4.6), to see if free
document IMAGES-001-HOUSE_OVERSIGHT_011014.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

It would be nice to test from such a dataset, again starting from (4.6), to see if free growth theory holds again. Who knows? Meanwhile, | think, the case is closed. All growth at very large scales is free until proved otherwise. Where Does Opinion Stand Now? What should we ma...

It follows that if real GDP is understated, then
document IMAGES-003-HOUSE_OVERSIGHT_014548.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

It follows that if real GDP is understated, then what appears to be a slow recovery is not as slow as reported and what appears to be a period of low productivity growth is not as low as reported. We believe that the evidence favors the mismeasurement argument. At a September 20...

Exhibit 23: Policy Rate Path Projections
document IMAGES-003-HOUSE_OVERSIGHT_014560.txt Dec 31, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

Exhibit 23: Policy Rate Path Projections We expect the pace of monetary policy tightening to accelerate but remain benign. Federal Funds Rate (%) 405 ISG View GIR View Market Implied Median Federal Reserve Projection 3.5 5 3.0 25 + 2.0 - 0.5 0.0 Dec-16 Dec-17 Dec-18 D...

Investment Gold man
document IMAGES-009-HOUSE_OVERSIGHT_026969.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Investment Gold man Management Important Information Division Tax Information. GS does not provide legal, tax or accounting advice, unless explicitly agreed in writing between you and GS, and does not offer the sale of insurance products. You should obtain your own independent...

play a critical role in enabling the necessary structural changes to the healthcare system. The
document IMAGES-007-HOUSE_OVERSIGHT_024019.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

play a critical role in enabling the necessary structural changes to the healthcare system. The HITECH Act created a $25.9 billion!? Federal Government funded catalyst for the adoption of information technology in healthcare in the U.S., and this is stimulating significant invest...

Exhibit 19: US Equity Volatility
document IMAGES-003-HOUSE_OVERSIGHT_014553.txt Dec 31, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

Exhibit 19: US Equity Volatility Spikes in equity volatility have corresponded with major global shocks. VIX Level 30 () Global Financial Crisis 80.9 ® First Greek Bailout (11/20/08) @) Debt Ceiling, S&P Downgrade, 70 -| Eurozone Sovereign Debt Crisis G) Greek Default 60 + @...

4 Wednesday, September 28, 2016
document TEXT-001-HOUSE_OVERSIGHT_023571.txt Sep 28, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

4 Wednesday, September 28, 2016 CHINA CHINA DAILY» CHINADAILY.COM.CN/NATION Developing nations in Central Asia, Europe, Southeast Asia, Africa and other regions need to have our news perspectives and voices heard.” Wilson Flores, columnist at the Philippine Star newspaper COMMER...

investment building skills. ] don’t see much avenue for investment in adult human
document IMAGES-001-HOUSE_OVERSIGHT_011053.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

investment building skills. ] don’t see much avenue for investment in adult human capital except through textbooks and tuition. Some happens. I went back to school at the Conservatory myself, and I buy lots of textbooks. But I just don’t see enough of it around me. Models must si...

input of nurture and schooling, and then depreciates gradually to zero just as
document IMAGES-001-HOUSE_OVERSIGHT_010952.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

input of nurture and schooling, and then depreciates gradually to zero just as buildings do. Yoram Ben-Porath combined these ideas and more in a masterly life- cycle model published in 1967. We'll get to it soon. Schultz called the part of consumption exhausted in taste satisfa...

But USA Inc. Has Steadily Scaled Back Investment in Technology R&D Since
document IMAGES-006-HOUSE_OVERSIGHT_021027.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

But USA Inc. Has Steadily Scaled Back Investment in Technology R&D Since the 1960s...the Good News is That Private Industry Has Picked Up Lots of Slack, So Far Total USA Technology Research & Development Spending as % of GDP by Funding Source, 1953 — 2008 = Other (Non-Profit /...