Don’t Believe the Economic Pessimists on November 13, 2016No matter who wins Tuesday’s presidential election, now ought to be the time that policy makers in Washington come together to tackle America’s greatest economic problem: sclerotic growth. The recession ended more than seven years ago. Unemployment has returned to normal levels. Yet gross domestic product is rising at half its postwar average rate. Achieving […]
Ending Americas slow-growth tailspin on May 8, 2016Sclerotic growth is America’s overriding economic problem. From 1950 to 2000, the US economy grew at an average rate of 3.5% annually. Since 2000, it has grown at half that rate—1.76%. Even in the years since the bottom of the great recession in 2009, which should have been a time of fast catch-up growth, the […]