The Congressional Budget Office says recent slow economic growth is the new normal and we’d better get used to it. Economist Robert Gordon agrees and says there are six “headwinds” preventing economic growth in the United States: old people, unaffordable education, income inequality, outsourcing, environmental payback for prior economic growth, and personal debt coming due. Nonsense. This might be the start of a whole new economy but we just don’t know how to measure it and big business may be dinosaurs slow to adapt. Bill Barclay of the Chicago Political Economy Group offers his insights. Read Gordon’s report as you listen and let us know what you think.
Guest: Bill Barclay
Learn more at: Chicago Political Economy Group
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