The notion that American economic growth has slowed over the past 30 years is a hardy myth – but Kevin Drum does his level best to puncture it in The Myth of Slow Growth:
The past 30 years simply haven’t been a low-growth period. In fact, economic growth has been about the same as it was in the 30 years before that. Our problem isn’t growth, our problem is that the returns to growth have increasingly been skewed in favor of the very rich.
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