Time to recognize a hard truth: The US economy has a lot of things in common with a sick heart. Government has over-reached on some matters -- and done too little on a few others. Consumers are miseducated and underinformed on financial issues that can cost a fortune in the long run. And some big companies cut corners and turn to anticompetitive tactics to pad their bottom lines.
Problems like these could easily point us toward a long period of very slow economic growth and a whole lot of unhappiness. Their cumulative effect is like cholesterol building up in a person's arteries. That's the central thesis of a recent piece by Bloomberg opinion columnist Noah Smith.
It's not hopeless, though. We can fix this...but only if we start admitting that we have a problem.
Here's our conversation from April 1, 2017. It's all too short -- Noah has a wealth of important things to say: