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Noah Smith

Will the U.S. Ever Grow Fast Again?

If so, what should be done about it?
How long will this last?

How long will this last?

Photographer: George Rose/Getty Images

We normally assume that most recessions end in due time, and that the U.S. economy returns to its old trend even after an extended slump. George Mason University economist and blogger Tyler Cowen, writing in the New York Times’ Upshot blog, worries that this time is different:

I have a few problems with this idea.