It’s Time for Growth Economics – American Spectator

The ongoing sell-off in financial markets worldwide is a sign that nobody sees anything going on that promises real economic growth. While there is good reason to insist that debt stop growing (and then start shrinking), the sole focus on accounting misses the bigger picture. The bigger picture is that economies won’t grow unless the private sector invests in them, and that the private sector won’t invest if it foresees too little return, or even no real return, on those investments.

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