The Future of U.S. Economic Growth
Featuring Brink Lindsey, Vice President for Research, Cato Institute; Erik Brynjolfsson, Massachusetts Institute of Technology; Edward Glaeser, Harvard University; Robert Gordon, Northwestern University; Dale Jorgenson, Harvard University; and Edmund Phelps, Columbia University.
The Great Recession ended over five years ago, so why does the U.S. economy remain so sluggish? Fears are mounting that growth rates well below the long-term historical trend line may now be the “new normal.” Labor-force participation has been falling, while growth in labor skills has slowed considerably. Furthermore, the main engine of innovation—the “creative destruction” of entrepreneurial dynamism—appears to be sputtering, as the rates of both gross job creation and destruction and new firm formation have been declining steadily. Meanwhile, some experts even argue that the low-hanging fruit of major transformative breakthroughs has already been plucked and that, consequently, technological progress itself is winding down.
The purpose of this conference is to assess the long-term growth outlook of the U.S. economy and explore what policy changes might be needed to arrest and reverse the growth slowdown. We will bring together top economists and other experts for a full-day conference on these vital issues, with the first three sessions devoted to diagnosis of the key problems and the final two sessions focused on prescriptions for growth-enhancing policy reforms.
In conjunction with the conference, the Cato Institute is hosting
My opinion on how to fix American economic stagnation. Stop turning into Europe. Drop all the stupid pointless economic regulations (usually bought by rich corporate lobbyist or corrupt stupid unelected offices like EPA), get rid of lobbying to a degree (legal bribery), fix social programs. Done