Economic Progress

 

It’s not uncommon to hear people wish that we could return to the “good old days,” when the world seemed more prosperous. Of course, depending on how far you go back, the “good old days” might cover a time when the world was poised on the edge of a nuclear precipice, when the […]

Structural Struggle

 

Why has the American economy grown so slowly since the Great Recession? This year, GDP growth will fall somewhere in the 1.5% to 1.8% range, below the 3% growth rate that is considered a sign of robust economic health. Critics have blamed everything from China’s slowdown to globally outsourced manufacturing to fiscal fights in […]

The Deficit Shrinks Again

 

You might remember some years back when the U.S. budget deficit was one of the biggest political issues on the campaign trail. Yet this year, after one Republican debate and a lot of jockeying for political position, the subject seems to have gone away. Why?

The most probable reason is that the U.S. has […]

Relative Prosperity

 

You might have read that the U.S. investment markets are jittery on the news that Japan has experienced two consecutive quarters of economic decline—the official definition of a recession. But if you turn the news around, it offers us a reminder that, however much we complain about slow-growth recovery from 2008, Americans are actually […]