1/2 The cause of the US slowdown, & what is to be done? Richard Epstein

Sep 06, 01:59 AM
Image: American business - General store, Deaf Smith County Museum in Hereford, Texas.   
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Richard Epstein, Chicago & NYU Law; Hoover.  What may be the causes of the slowdown?  Pres Trump proposes three possibilities in a tweet: American companies are not very bright; or blame Jerome Powell and the Fed; or intl trade, with a problem coming to US – manufacturing sector (11% of US output) fell below 50, meaning it’s shrinking. This is also occurring in the UK and Germany, Japan and South Korea . . . 
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