From today's WSJ, Nobel economist Robert Lucas asks:
"Is it possible that by imitating European policies on labor markets, welfare and taxes, the U.S. has chosen a new, lower GDP trend? If so, it may be that the weak recovery we have had so far is all the recovery we will get.
If we're going to move to a European welfare state, we're going to have to pay a European price."
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→Quote of the Day: Robert Lucas
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