November 30, 2001
R&D Can Keep America Competitive Amid New Challenges
The 1990s were sometimes referred to as the Goldilocks economy, when everything was just right. Now, the porridge has grown cold. It will take six months of statistics to document a recession. But it is hard to find an economist, business leader, or government official who does not think we are in one.
Since the attacks of September 11 -- which pushed the economy over a precipice even as they changed America's foreign and domestic priorities -- the Federal Reserve has cut its
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