The worst of the Great Recession is apparently over. The economy is growing again, and the unemployment rate is down to 8.8 percent from its peak of 10.1 percent.
Yet even if the acute crisis is abating, the grim fact is that the U.S. economy still faces chronic health problems. Even before the recession hit, back in 2007, real income for the median American household was lower than it had been in 2000. So too was total employment as a percentage of the population.
Here's the fundamental problem. Economic growth is harder than it used to be. This is the argument made by the economist Tyler Cowen in his provocative new e-book The Great Stagnation. Even if you don't buy all his analysis (and I don't), he's right that the American economy will have to contend with some pretty st
To read the full, original article click on this link: Brink Lindsey: Why Economic Growth Is Getting Harder -- And What To Do About It
Author: Brink Lindsey