January 13, 2016

...AND AWESOMER...:

Obama is right. America remains pretty awesome. But we can be even more awesome. (James Pethokoukis, January 13, 2016, AEI)

[A]merica continues to grow much faster than its advanced economy competitors. (Great Stagnation? Are you talking about China?) No large economy generates as many high-impact new companies as America, and no large economy is as competitive. The US remains the top destination for the world's job seekers. Among most advanced economies, the working-age population will shrink over the coming decades. But America's will grow. And given the difficulty of measuring the new digital economy with old wheat-and-steel economy metrics, Goldman Sachs warns that Americans should "be skeptical of confident pronouncements that the standard of living is growing much more slowly than in the past." [...]

So what to do? Modernize the safety net. Remove regulations that impede corporate competitiveness. Tax what we don't want, not what we do.

Posted by at January 13, 2016 10:45 AM

  

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