Rethinking Economic Growth

The following is an excerpt from the forthcoming book, “Rethinking Economic Growth,” by Dan Varroney.
The United States is the largest and most productive economy in the world, by a wide margin. But it could be so much better. I am reminded of Winston Churchill’s comment that “it has been said that democracy is the worst form of Government except all those other forms that have been tried from time to time.” Ours is the worst economy except for all the rest. It is a generally accepted maxim that in order to remain healthy and vibrant, the US economy depends on an annual growth rate of 3…
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