Seeds of Destruction: Why the Path to Economic Ruin Runs Through Washington, and How to Reclaim American Prosperity

Chapter One: America’s Four Growth Drivers Stall and Our Economy Stagnates

“For most of the past 70 years, the U.S. economy has grown at a steady clip, generating perpetually higher incomes and wealth for American households. But since 2000, the story is starkly different. The past decade was the worst for the U.S. economy in modern times, a sharp reversal from a long period of prosperity that is leading economists and policymakers to fundamentally rethink the underpinnings of the nation’s growth.”

Washington Post (January 2010)¹

America has the largest and most productive economy in the world. Yet something feels terribly wrong.

It’s not just that millions of Americans remain out of work. It’s also that income and wage growth have been stagnant ...