I covered this more in depth on the previous question, but in short it is excessive government regulation that is the biggest dead weight on the economy.
Posted
Dec 6, 2016
pastaman
I think growth has slowed down to its natural rate in an advanced and mature economy. We cannot compare our growth rate to India or China because they started at a level of severe poverty and an uneducated and unskilled labor force. History shows that a growth rate of greater than 3% can only happen after severe events such as WWII when we were the economic engine of the world. We might have economic blips occur (internet) that give us a short term bump in growth. But it seems evident that 2% growth is a natural state long term.
Posted
Jan 4, 2017
pastaman
Increase wealth and income inequality does not help economic growth as well.
Responses
I covered this more in depth on the previous question, but in short it is excessive government regulation that is the biggest dead weight on the economy.
I think growth has slowed down to its natural rate in an advanced and mature economy. We cannot compare our growth rate to India or China because they started at a level of severe poverty and an uneducated and unskilled labor force. History shows that a growth rate of greater than 3% can only happen after severe events such as WWII when we were the economic engine of the world. We might have economic blips occur (internet) that give us a short term bump in growth. But it seems evident that 2% growth is a natural state long term.
Increase wealth and income inequality does not help economic growth as well.