The public policy blog of the American Enterprise Institute

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Discussion: (1 comment)

  1. Todd Mason

    Seriously? GIs came home from the war with pent-up demand the likes of which America has not seen since, and five years of forced savings to make it happen. The GI Bill was a major investment in human capital.

    What we have today is spent-up demand. The real estate boom fueled not only housing starts but remodels, additions, new appliances and cars. Then the bust took out $7 trillion in household wealth. College is a fading dream in terms of both cost and benefit.

    Other than that….

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