The U.S. economy is a mess: The good, the bad, and the ugly
When we think about economic performance, there are two major components to consider: Gross domestic product and gross fixed capital formation.For the United States, these two dimensions have converged over the last 50 years: GDP grew by an average of 7.1% a year during the 1970s and 1980s and the same rate of growth occurred […]
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