Everyone Is Ignoring A Sign Of US Economic Decline We Haven’t Seen In 60 Years

Everyone
Is Ignoring A Sign Of US Economic Decline We Haven’t Seen In 60
Years
I would say that one of the things that people have
generally ignored is that the U.S. capital stock is in decline. This is the
first time post-war we’ve ever seen it. We don’t know what the repercussions are
because we have nothing in history to look back on and say, “Hey, last time it
did this, this is what followed on it.”