December 24, 2012

2013: Beginning of America's Decline

Simon Johnson, Bloomberg

AP Photo

"A modest man," Winston Churchill supposedly quipped about Clement Attlee, his successor as prime minister, "but then he has so much to be modest about." We should say the same about economists, particularly their ability to forecast anything in a useful and timely manner.

Those predicting an imminent American economic decline have usually been no exception. This time, though, they may be on to something.

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TAGGED: 2013, United States


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