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The China Challenge

February 1, 2013 1 minute Read by Amity Shlaes

We read in the magazines that China plans to build a skyscraper in 90 days. The real question is not whether China should do this, or how. The real question is why the U.S. cannot. If you make a list of the answers, you understand why we can expect, or are already in, a regulatory recession.

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