Description

Book Synopsis

During the 1980s and 1990s, European economies went through a period of slowing economic growth and high unemployment, what some economists described as “secular decline.” On the other side of the Atlantic, the United States enjoyed a robust recovery during those years by reducing taxes, eliminating regulations on business, and tightening monetary policy.

Now, after two decades of subpar growth, the question is whether or not the American economy has entered into its own era of secular decline.

This Broadside examines this troubling development, recognizing that there are no easy solutions to the problem. Lacking workable solutions, Americans will have to adjust to a future of slow economic growth, with all that implies for inter-generational progress, American strength abroad and political conflict at home.

The Growth Deficit

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    Order before 4pm today for delivery by Mon 17 Aug 2026.

    A Paperback / softback by James Piereson

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      View other formats and editions of The Growth Deficit by James Piereson

      Publisher: Encounter Books,USA
      Publication Date: Publication Date: 15/12/2022
      ISBN13: 9781641773348, 978-1641773348
      ISBN10: 1641773340

      Description

      Book Synopsis

      During the 1980s and 1990s, European economies went through a period of slowing economic growth and high unemployment, what some economists described as “secular decline.” On the other side of the Atlantic, the United States enjoyed a robust recovery during those years by reducing taxes, eliminating regulations on business, and tightening monetary policy.

      Now, after two decades of subpar growth, the question is whether or not the American economy has entered into its own era of secular decline.

      This Broadside examines this troubling development, recognizing that there are no easy solutions to the problem. Lacking workable solutions, Americans will have to adjust to a future of slow economic growth, with all that implies for inter-generational progress, American strength abroad and political conflict at home.

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