Charles Lane has taken me to task for my repeated championing of the German economic model – a topic, he notes, to which I return as frequently as he does to electric cars. What’s the point of this German obsession, he wonders. Do I really think the United States can make the kind of structural changes to the economy that have served Germany so well? And do I really think we can do it quickly enough to help us find a way out of the Great Recession?
The short answer is No and No.[…]
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