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The collapse of American education and the slowest growth in America's history 2000-2020 as Biden tries to reverse this in 2024
05/19/2023
Krugman looks at the extraordinary effort put in by Robert Gordon of Northwestern University to look at the growth of America since 1850 over periods 1850-1870, 1870-1910, 1910-1950, 1950-2000 and 2000-2020 showing that the last 20 years have the lowest growth in American history. Gordon looks at the near collapse of American education, scores on NAEP of two thirds of 8th graders failing reading comprehension reflect this sad state of affairs that president Biden is trying to reverse in 2024. Other research shows a drop in potential GDP of 2 percentage points when education is failing as it has been for 2 decades. Other researchers have shown what is openly evident today that technology such as social media do more harm, that other internet use technology has not done much for education only established monopolies as with Google and Apple.
Linked Articles
Paul Krugman Reviews ‘The Rise and Fall of American Growth’ by Robert J. Gordon
New York Times 01/25/2016
'Secular Stagnation' May Be for RealWall Street Journal 08/27/2014
The striking change for Fannie Mae and Freddie Mac as the companies return $185 billion in aid provided by the U.S. government by 2013
11/04/2010
By 2013 Fannie Mae and Freddie Mac return almost all of the $186 billion in aid injected by the U.S. government during the housing and mortgage crisis.
Linked Articles
Fannie, Freddie Payments Nearly Match Aid
Wall Street Journal 11/08/2013
Fannie, Freddie Overhaul Could Cost $685 BillionWall Street Journal 11/04/2010
Biden the president who sees the longed for tidal wave of justice rise
04/14/2023
Biden is unique in American history as the president with the most experience. His long experience in the US Congress and his very real belief that there is such a thing as "the longed for tidal wave of justice" that will come up to help America build a new world of "Possibilities." It was this kind of faith in America that was the impression people had of Abraham Lincoln in the 1850's.
Linked Articles
Biden and Irish poets: 'Hope and history,' a lifelong love
AP NEWS 04/14/2023
Poetry-loving Biden heads to Ireland, home of the 'best poets in the world'NPR 04/14/2023
Safety and affordability for motorcyclists who shift to the Nano and Ratan Tata's vision for the Nano
01/08/2008
About 1800 people die in traffic accidents in New Delhi each year and most of them are on motorcyles, whole families on a motorbike. This was the image in Ratan Tata's mind behind his vision of a 1 lakh rupee ($2000) car affordable to the motorcycle Indian. Is it safe, for the motorcycle rides and passengers its a lot safer being in a car.
Linked Articles
Economist 01/10/2008
Four Wheels for the Masses: The $2,500 CarNew York Times 01/08/2008
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