Confronting the U.S. Economic Slump

It really does matter whether the U. S. is exiting from an unusually prolonged phase of sluggish economic growth and job creation or, instead, stuck in that slump for a lot longer. 
Getting beyond the new normal and secular stagnation. Photographer: Sam Hodgson/Bloomberg

It really does matter whether the U.S. is exiting from an unusually prolonged phase of sluggish economic growth and job creation or, instead, stuck in that slump for a lot longer. It is consequential for American citizens, their children and, given the important international influence of the U.S., the rest of the world. And the implications extend well beyond economics and finance, encompassing political, social and national security dimensions.

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