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Jesse Fried is a Professor at Harvard Law School and co-author, with Lucian Bebchuk, of Pay without Performance: The Unfulfilled Promise of Executive Compensation.
The United States’ federal budget deficit is currently projected to explode, increasing the federal debt to unprecedentedly high levels. A very gradual fiscal consolidation, with federal spending as a share of GDP declining slightly each year, would both raise economic growth and create a more resilient economy.
