Archive for May, 2015
Forces Driving the US Political Economy
Monday, May 4th, 2015The Crutches and the Consequences
Since the 1970s US economic growth has slowed, resulting in a declining standard of living for the majority in the lower classes. The decline in material standard in the US would be far worse but was artificially propped up in several ways.
First, we allowed foreign imports to replace our industrial production, [...]
