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"Could Be A Lot Worse. WAS A Lot Worse in 1980s." (US Economy)

CARPE DIEM found this 1/21/2009 on blogger.com

The real U.S. economy has generally been ignored, including an "overabundance" of real assets and goods, that raised household living standards at a steeper rate, substantially greater efficiencies of firms, in producing more output with fewer inputs, and the government borrowing almost for free.