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Decline in U.S. Seen Without More Immigration: Cutting Research

The U.S.’s best 250 years are behind it, Northwestern University professor Robert Gordon writes in a paper published by the National Bureau of Economic Research, saying economic growth may gradually “sputter out.”

Gordon outlines how there was virtually no expansion before 1750 -- before the American Revolution led to the creation of the U.S. The entire period since then “could well turn out to be a unique episode in human history,” he wrote in the paper published this week.