Peter Suderman on Slow Economic Growth

Is slow economic growth the new normal? Not
necessarily, according to an October policy analysis from the Cato
Institute, but growth has become more difficult. The report, writes
Reason senior editor Peter Suderman, argues that slow
growth is likely to continue if present policies remain in place.
Today’s public policy infrastructure, according to the analysis, is
“rife with barriers to entrepreneurship, competition, innovation,
and growth,” not to mention subsidies that tilt the playing field
in favor of incumbents, complicated and poorly designed tax rules,
and legal mechanisms that obscure price signals.

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