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<blockquote data-quote="MWBATL" data-source="post: 565226" data-attributes="member: 944"><p>While I agree with you on this short term, I believe it is due (in part) to the growth of government into our economy overall which has put limits on our economic growth.</p><p></p><p>Economics isn't simple, which is why guys like Krugman are wrong so often, but it does look to me like when more and more of the economy is given over to the government, it slows economic growth (think Europe as a whole)....and when more and more of the economy is turned over to private individuals, the economy grows more strongly (think China)</p><p></p><p>In the longer term, if you can peel back some of the government barnacles that have been allowed to grow on the hull of our economic ship, the ship's speed might increase considerably. But you do have to get enough of the barnacles off to make a difference first......</p></blockquote><p></p>
[QUOTE="MWBATL, post: 565226, member: 944"] While I agree with you on this short term, I believe it is due (in part) to the growth of government into our economy overall which has put limits on our economic growth. Economics isn't simple, which is why guys like Krugman are wrong so often, but it does look to me like when more and more of the economy is given over to the government, it slows economic growth (think Europe as a whole)....and when more and more of the economy is turned over to private individuals, the economy grows more strongly (think China) In the longer term, if you can peel back some of the government barnacles that have been allowed to grow on the hull of our economic ship, the ship's speed might increase considerably. But you do have to get enough of the barnacles off to make a difference first...... [/QUOTE]
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