It is not in decline, but growing (pdf). Jobs have not been lost overseas, but to technology. If they were lost overseas, American output would be in decline. It isn't.
Musings on seemingly random topics - politics, economics, religion, sports, boardgames - best left alone if you want to keep your friends. However, if it itches I can't help but scratch it.
Think about this
The curious task of economics is to illustrate to men how little they know about what they imagine they can design.
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