Ed Conard

Economy in aftermath of financial crisis. Book on NYT best sellers. Us productivity growth nearly doubled productivity growth due to Internet. Pulled 20 mln immigrants into us economy. 3 differences in us vs Europe… Low labor redeployment costs, lower trade barriers, … Our most talented students working longer. More entrepreneurs in us. Deposits in bank are like corn in silo… But must be loaned to legit uses. Withdrawals not loan losses bankrupted our banking system. Might work to strengthen government guarantees. Private sector spending dials back in response to government spending. Entrepreneurial economy can get going if we fix structural problems by…? Big issue is being prepared for withdrawals from cash banks.

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