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Economist Robert Gordon: US economy may have become more like Europe

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Highly regarded Northwestern University economist and doomsayer Robert Gordon warns in a new paper that the “U.S. economy may have become more like Europe,” with permanently higher unemployment that cannot be addressed with stimulus from the Federal Reserve. Gordon, who made waves in 2012 for suggesting that the U.S. might be facing a long-term economic slowdown, argues in new study published...

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