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Unleashing the Second American Century by Joel Kurtzman

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CHAPTER NINE

OPPORTUNITIES ABOUND

My enthusiasm for the United States and its economy is not shared by all those pundits who make a living trashing what we do. People who mindlessly repeat the phrase “We don’t make anything here anymore” are ill informed or want to stir up trouble. Politicians of both parties and at all levels who refuse to compromise on budgetary issues for ideological or personal reasons have not so much damaged the economy as retarded its growth. As I noted in Chapter 2, the results of the most important academic paper arguing that government debt retards growth, written by Carmen Reinhart and Kenneth Rogoff, has been called ...

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