Does the Club for Growth Understand Growth Theory?
Louis Woodhall writes in The Real Social Security Crisis is Economic Growth: The Trustees of the Social Security Administration assume (in their “Intermediate” case”) that over the next 75 years, the U.S. economy will grow at an average “real” rate of 1.9%…America can’t live on a “starvation diet” of 1.9% real economic growth. Over the […]
