U.S.: The Speed Limit Is Higher, But Growth Is Still Too Fast
Remember when states began to increase the speed limits on their highways? Goodbye, 55 miles an hour. Hello, 65. A similar loosening of boundaries seems to have taken place in the economy as well. Indeed, for four years now, the U.S. has enjoyed a combination of economic growth of more than 4% annually and benign inflation, despite the tightest labor markets in a generation.
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