Recent downshift in the economic growth of the US to stabilise by early 2020, whether growth is moral and is lower unemployment a good thing?

Will The US Economy Accelerate In 2020? (Capital Spectator, 4 min read) A series of forecasts and graphical illustrations arguing that the recent downshift in the economic growth of the US will stabilize by early 2020 (with acceleration in output and consumption). Note that industrial production will continue to remain weak. [Bullish US Equities excluding Industrials, Bullish US Growt]

Is Growth Moral? (Democracy – A Journal of Ideas, 12 min read) In modernizing America, where wealth had become the ‘conventional basis of esteem’, American economist Thorstein Veblen saw that it was the rich who determined ‘what scheme of life the community shall accept as decent or honorific’. In this piece, Stuart Whatley provides an overview of Veblen’s views and contrasts his theory with a selection of other prize winning ones. He also covers the intersection between society’s net benefits and individual net gains. An excellent read.

Is the Fall of Unemployment Good?(Econ Lib, 4 min read) You could argue that the reduction of unemployment in the US might have been driven by an increase in the number of individuals necessary to produce the same or lower GDP per capita (meaning there was a fall in productivity or a fall in consumption expenditures per capita). This piece argues that this is not the case. In fact, Trump policies such as the reduction of tax rates and easier regulation have lowered unemployment. [Bullish US Growth]

Economic Growth Is the Answer(Project Syndicate, 5 min read) Rising inequality has led to political extremism (on both the left and right). One way to alleviate this is by tackling the sluggish economic growth; this will improve living standards among all groups and, it is argued, improve the redistribution of wealth. In turn, this will reduce political extremism.