Our economy is in much worse shape than we think
Saturday, January 31, 2009 at 11:05PM New York Times economics reporter Dave Leonhardt has a fascinating piece in the Times magazine about the future of our economy.
It's a sobering assessment of what ails our economy, the (dim) prospects for a short-term recovery, and the long-term structural challenges that may prove to be insurmountable.
The most interesting paragraph:
So for the first time in more than 70 years, the epicenter of the American economy can be placed outside of California or New York or the industrial Midwest. It can be placed in Washington. Washington won’t merely be given the task of pulling the economy out of the immediate crisis. It will also have to figure out how to put the American economy on a more sustainable path — to help it achieve fast, broadly shared growth and do so without the benefit of a bubble.
Leonhardt's take -- and I tend to agree with it -- is that the key to long-term growth is controlling health care costs and overhauling our education system. Read and re-read the piece ... it's worth it.
Reader Comments (2)
hrs within a virtual marketplace Louis Vuitton Bags. In some cases adjusting which metals look through which place Replica Hermes. For the majority of persons, the answer to that problem is easy Louis Vuitton Bags. 1 it is really conceivable you can expect to not even pay attention to, happens to be rigorously crafted by seriously paid Ugg Sale Uk. There are actually auction properties with the game where by people can auction off the metals they have mined to other gamers Ugg Bailey. What cigarettes comprise as well as damage that they induce Ugg Clearance. Was it to get cool Ugg Store. Each and every sort of metals also needs a specific skill level to mine Prada Outlet. But much like the actual earth, there is certainly an economic system to think about, and professions gas that economic climate Ugg Australia Uk. Can you remember why you began smoking cigarettes Ugg Outlet Store.
It will be pure to believe that quitting smoking cigarettes removes a inbuilt pounds reduction method Uggs Sale. Who smoke which can be currently overweight or over weight in the first place Uggs For Men. You realize what it style of does Uggs For Sale. The mere act of quitting is just not heading to trigger one particular to explode like a China Pet Uggs For Women. Which leads to them to position to the excess fat Uggs Shoes. Smoking cigarettes may be a bodily Uggs In Uk. It can be what most individuals do after they provide up cigarette smoking Louis Vuitton Belts. People in 3rd world global areas normally commonly are not skinny as rakes Ugg Store. It really is what most people do soon after they provide up cigarette smoking Discount Uggs. That is when compulsive consuming commences taking the area Hermes Bags.
******
Within the function you guessed consuming and ingesting, you received it Uggs Men. Being a issue of reality, how many people are there Uggs In Australia. Who smoke that happen to be currently chubby or over weight in the first place Coach Outlet. What various exercise do individuals interact in that requires the identical types of capabilities Uggs Boot Clearance. Like a result of theyre smokers Shoes Uggs. This fallacy may be circulating for eons like pollen floating round in spring time Uggs In Uk. This fallacy has been circulating for eons like pollen floating spherical in spring time Ugg Boots. What variety of chubby folks is there on this planet who hardly ever attempted cigarette smoking Cardy Uggs. So does nicotine use have an affect on ones basal metabolic value Mens Uggs. They use sugar and empty carbohydrates being an option Uggs In Uk.