The Playing Field Is Level So Play

Look closely, and you can see that the foundation of a more prosperous U. S. economy is being slowly built. Inflation is down, labor costs are the lowest in the industrialized world, manufacturing productivity is up, exports are strong, and the trade gap is narrowing. Perhaps most important, U. S. business no longer is hobbled by a steeper cost of capital than its foreign competitors. For the first time in recent memory, financing costs are getting cheaper in the U. S. and more expensive abroad.

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