A solução é crescimento econômico

The Real Solution Is Growth

4:30 PM Monday August 8, 2011
by Daron Acemoglu | Comments ( 15)

Recent headlines have focused on the debt ceiling, the recent credit rating downgrade, unemployment, and the other thorny fiscal challenges facing the United States. But consider this: increasing the country's average growth rate by one percentage point over the next 20 years would not only result in much higher incomes and more jobs for all Americans but would also obviate the need for drastic spending cuts today to reign in the government deficit. With a 2% increase per year, average incomes in the United States, and to a first approximation government tax revenues, would be 49% higher in 20 years than they are today; with a 3% increase per year, they would be 81% higher.
The underlying message? We should not take our eye off the really important ball: economic growth and the innovation process that underpins it.
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