Creeping stagnation ought to be recognized as the central economic issue of our time. . . .
Why are we stagnating? In my view, the answer is simple: America has the people, the ideas, and the investment capital to grow. We just can’t get the permits. We are a great Gulliver, tied down by miles of Lilliputian red tape.
-Craig Newmark, channeling John Cochrane
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