The U.S. Economy Can Grow Faster

Abstract

When an economist argued that Bernie Sanders’s fiscal program could stimulate GDP growth to significantly faster rates, many mainstream economists rose in anger against the projections. But this economist says there is indeed room for faster growth than these critics assert.

Notes

See, for example, Pinto and Tevlin (2014), OECD (2015), and perhaps the earliest statement of this relationship, Samuelson (1939).

See Lovenheim (2011).

See Shierholz, Davis, and Kimball (2014).

See, for example, Marquetti (2004) and Hein and Tarassow (2010).

See Krugman (1998) or Eggertsson (2003).

Additional information

Notes on contributors

Josh Bivens

Josh Bivens is the director of research and policy at the Economic Policy Institute. His primary areas of research include macroeconomics, social insurance, and globalization. His publications include The State of Working America, 12th ed., and numerous research papers, including for academic journals. He provides economic commentary in media outlets and has testified before the U.S. Congress. He earned his Ph.D. from The New School for Social Research.