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We all yearn for a return of the 1990s when the US economy was the envy of the world: 20+ million new jobs, soaring investment & productivity, low inflation. How did the US do it? Tax cuts? Slashing government spending? Balancing the budget? “None of the above” says Dr. Paul A. London, Chief Economist of The Stern Group. That “glorious” prosperity resulted from decades of political struggles that brought real competition to key industries: transport, steel, retail, finance, telecom. This liberated “people’s vital energies,” allowed new entrants, stimulated innovation & forced prices down. Whil
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