What If the Economic Model Is Wrong? [View article]
American economy rides on technology. All the boom periods in the US were caused by technological innovations (cars/communication/IT... to name the few we remember), whether it increased productivity or not.
Busts have happened due to consumer spending going down, which happens when people do not feel secure.
The new administration will probably reduce insecurity among people by creating more government funded jobs, but a boom of 90s or 2004-2006 would probably not be witnessed unless new unique technologies appear from america.
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American economy rides on technology. All the boom periods in the US were caused by technological innovations (cars/communication/IT... to name the few we remember), whether it increased productivity or not.
Jan 12 08:25 am
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All Comments by Sanjeev Sharma »What If the Economic Model Is Wrong? [View article]
Busts have happened due to consumer spending going down, which happens when people do not feel secure.
The new administration will probably reduce insecurity among people by creating more government funded jobs, but a boom of 90s or 2004-2006 would probably not be witnessed unless new unique technologies appear from america.