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  1. Slopey;

    I don’t think it’s a good idea to use the 1990’s as a baseline. Much of the growth in that era was fueled by the dot-com boom, which we later discovered (remember?) was a bubble.

    In fact, I would argue that a good deal of the growth in the past 15 years or so was fueled by bubbles: first the dot-com bubble and then real estate/financial assets.

    What the US is struggling to do is to find REAL economic growth and that would argue for lower corporate tax rates.

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