The good news for 2017 is we can have 4 percent or higher real economic growth per year over the next few years — and here is how.
Some of the critics of President-elect Trump have insisted that the approximately two-percent annual average GDP growth the U.S. has experienced over the last seven years is the “new normal,” and we just need to get used to it. It has led to stagnant incomes and tens of millions of involuntarily unemployed or underemployed workers. The present slow-growth path is also unsustainable, with ever-rising debt levels of a share of GDP which will eventually lead to a financial collapse.
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