Despite Awful Policy, the U.S. Economy Is Not Doomed

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John Tamny of Forbes

The increasingly popular belief that Washington’s present policy mistakes mark our long-term doom is completely overdone.  Not excusing the Obama and Bush presidencies for one second, China and the former Soviet Union essentially commited economic suicide in the 20th century, only to bounce back very powerfully.  Their modern success proves that mistakes are never permanent, and that when left alone, economies naturally grow.

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