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 […]

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 […]