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Are America’s best days in the past? We live in an age of tremendous innovation and opportunity that shows no signs of slowing, which has fundamentally lifted our living standards over the last century. As a nation, we are always enamored with new, new things and hot trends. Innovation also has ushered in more complexity than ever before. Workers have to be more adaptable to the changing needs of employers, while there remains a nagging sense of anxiety about the future that has cast a long dark shadow over the U.S. economy. We think such fears are fueled by an unlucky period of exogenous events and a few policy-driven headwinds, many of which are moderating now---not a secular New Normal. Our needs can be met if there are plentiful jobs, abundant risk capital, and gains in productivity. We think that with devotion to our nation’s free market principles, companies will be motivated to make innovation routine, and that Our Demise Is Greatly Exaggerated.
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