The Long, Slow Slide Into Economic Mediocrity
The U.S. economy is undergoing structural changes that have led to a slow but steady decline in economic performance. This long, slow slide into economic mediocrity can only be reversed by significantly increasing investments in physical capital, research and development, human capital, and public goods. For example, it is time for the federal government to develop "pro-children and youth" programs comparable in scope to the programs we provide senior citizens.
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