The U.S. is not falling behind
Commentary on the state of the U.S. economy has once again turned — sadly — to America’s supposed failings relative to the rest of the world. In a much-cited follow-up to its 2005 report Rising Above the Gathering Storm, for example, an eminent committee of the National Academies reached the unanimous conclusion that when it comes to the principal ingredients of innovation and competitiveness, “our nation’s outlook has worsened.”
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