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Presenting 'The 4% Solution'

Article by Four Percent August 29, 2012 //   2 minute read
With contributions from world renowned economists and Nobel laureates, "The 4% Solution" is a blueprint for restoring America’s economic health.
 
The United States is reaching a pivotal point in its economic history. Millions of Americans owe more on their homes than they are worth, long-term unemployment is alarmingly high, and the Congressional Budget Office is projecting a sustainable growth rate of only 2.3% — a full percentage point below the average for the past 60 years. Unless a turnaround comes quickly, the United States could be mired in debt for years to come, and millions of Americans will be pushed to the sidelines of the economy. 
 
"The 4% Solution" offers clear and unflinching ideas on how to revive America’s economy. It sets a positive economic goal and asks some of the top economic minds how to achieve it. With a focus on removing government constraints, "The 4% Solution" defines the policies that will allow Americans to save, invest, and create the jobs that the United States needs."The 4% Solution" draws on the best minds in the business, including five Nobel laureates:  
  • Robert E. Lucas Jr., on the history and future of economic growth
  • Gary S. Becker on why we need immigrants in order to grow
  • Edward Prescott on the cost (to growth) of the welfare state
  • Vernon Smith on why housing leads us into and out of recessions
  • Myron Scholes on why we need to innovate in order to grow the economy

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