A Saturday Essay by N. Ferguson in the WSJ on how America lost its way. This essay is an adaptation from his new book "The Great American Degeneration:....".
The bottom line? It has become too difficult to do business in the US. Reason? Too many regulations. Too much time and costs spent to satisfy the increasingly large number of guidelines coming out of Washington. All this is putting us at a disadvantage and hindering our productivity growth.
It supports the view I have been discussing for some time. On why our productivity growth is less than 1% when it should be close to 2%-3%. Printing money will not solve the problem. And we should not be surprised the dollar is weak.
George Dagnino, PhD Editor,
The Peter Dag Portfolio.
Since 1977
2009 Market Timer of the Year by Timer Digest
Portfolio manager
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