Two Speed US Growth
The two-speed economy is likely to remain in effect. High interest rates (even after some cuts), Medicaid cuts, and other things continue to put downward pressure on lower-income and younger consumers on average. Meanwhile, fiscal spending continues to be aimed at older Americans on average, and wealthy Americans and institutions have generally
... See moreLyn Alden • August 2025 Newsletter: Tighter Fiscal, Looser Monetary
The U.S. economy has outperformed most of its rivals in terms of productive might and innovation. But this success has not led to rapidly rising living standards for most Americans.
A politically diverse group of scholars released a report card this week after spending months debating which metrics best captured the... See more
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