"From 1950-2000 the US economy grew at an average rate of 3.5 percent annually. Since 2000 it has grown at half of that rate 1.67 percent. America's foremost economic problem is sclerotic growth." Jonh Cochrane- Wall Street Journal

Watch the videos and discuss why according to John Cochrane economic growth is the foremost problem of the US and discuss different views that explain why it has slowed down? How could this problem be fixed? How is the tax system related to economic growth?

Video Links:

https://www.youtube.com/watch?v=spe619WX-Q4

https://www.youtube.com/watch?v=EnNM8EkM0Uw