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 Orrin Judd at January 13, 2016 10:45 AM
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