Author Note
I am grateful to Sandra Black, William Congdon, Matthew Fiedler, Gregory Leiserson, Maya Shankar, Andrea Taverna, and Richard Thaler for helpful comments and discussions. Harris Eppsteiner provided tireless research assistance.
Author Affiliation
Senior Fellow at the Peterson Institute for International Economics. This piece was completed and published online when the author was Chairman of the White House Council of Economic Advisers. Corresponding author’s email address: [email protected]
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