The Long, Slow Slide Into Economic Mediocrity
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The U.S. economy is undergoing structural changes that
have led to a slow but steady decline in economic performance.
This long, slow slide into economic mediocrity can
only be reversed by significantly increasing investments in
physical capital, research and development, human capital,
and public goods. For example, it is time for the federal government
to develop "pro-children and youth" programs comparable
in scope to the programs we provide senior citizens.