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“No Increase in Standard of Living Since 1997″
There’s a belief among certain economists — and the wider population — that if the government takes a more active role in the economy, the social outcome can be improved. Dr. Lacy Hunt, executive VP of Hoisington Investment Management Company (HIMCO), says it’s a false belief…and he has proof to back it up. An unprecedented buildup of debt, he shows, can only lead to one outcome: a drop in Americans’ standard of living.
“No Increase in Standard of Living Since 1997″ originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas. “.
2012-10-05 18:43:01 Source: http://dailyreckoning.com/no-increase-in-standard-of-living-since-1997/ This story originally appeared in the Daily Reckoning
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