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Pragmatism or Perdition

It is almost impossible to assess the progress of the United States economy over the past four decades without feeling disappointed. Poor US economic performance is not the result of any particular ideology, but of allowing ideologues to guide public policy.

BERKELEY – It is almost impossible to assess the progress of the United States economy over the past four decades without feeling disappointed. From the perspective of the typical American, nearly one-third of the country’s productive potential has been thrown away on spending that adds nothing to real wealth or destroyed by the 2008 financial crisis.

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