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Will the structure of the US Economy lead to long-term stagnation?

Will the structure of the US Economy lead to long-term stagnation?

That’s the argument recently made in the Economist‘s Free Exchange blog.  The argument goes to the effect that economies grow and prosper to the extent that they can increase the size of their “tradable” sectors (i.e., those sectors that can export goods or services and import money).  The post points out that in the past […]

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