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1%… The New Normal Growth Rate?

Perspectives Content Submission

Fri, 16 Nov 2012

In 1981 David Stockman, the Director of the Office of Management and Budget for newly elected President Ronald Reagan, published a budget using such an optimistic set of assumptions that it was derisively nicknamed Rosy Scenario. In Stockman’s 1986 book, The Triumph of Politics, he explained in viv

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