What is the speaker's view on the possibility of a productivity miracle?
Economist Paul Krugman Doesn't See Return to 3% Growth
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The transcript discusses the limitations of policy in boosting economic growth, highlighting that the US economy is near its growth potential due to factors like an aging population and stagnant labor force participation. It emphasizes the need for infrastructure investment to enhance productivity, despite challenges in policy collaboration.
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What is the significance of interest rates in the context of borrowing for infrastructure?
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