TIME Board of Economists: Gridlock (And Greenspan)
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The benefits of that microchip-driven technology have spread rapidly throughout U.S. industry. "Much has been written about how the only real productivity gains have been in the technology sector," says Regalia. "But I think that's a data error. The economy is assimilating the new technology, and it's creating improvements everywhere."
The result, Steinberg says, is "an incredible dynamism and flexibility" that no other economy can match. That may sound Pollyannaish, but there was remarkably little dissent on the part of other panelists. Particularly since the next occupant of the White House will be too busy building bridges to disrupt the economy.
--With reporting by Bernard Baumohl/Washington
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