- Dec 10, 2003
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The unique macro-economic conditions that allowed (some) in the U.S. to be hyper-prosperous should never be replicated ever again.
Those circumstances, as I understand them, were that the US ramped up its productivity for wartime reasons in the 1940s, and saw a peacetime dividend from that in the 1950s.
One could presumably get another productivity increase without a war (although that would, it seems to me, require radical improvements in US education).
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