Promises, promises: the elusive search for faster economic growth.

Findings ways to spur economic growth remains the biggest challenge faced by policymakers. A 1% economic growth could raise average incomes by over $4,000 annually as well as increase federal revenues and reduce interest payments to balance the budget in 10 years. However, current proposals such as tax cuts and public investments will only yield minimal growth and fail to provide sufficient gains to pay for their budgetary costs.

The U.S. economy has performed superbly in recent years by way of reaching and maintaining both low unemployment and low inflation. But since the early 1