GOOD NEWS–IN THE TIMES, NO LESS! Virginia Postrel links to an article in the New York Times that reminds us (as Postrel paraphrases) that “even in the current slump the economy looks more like an earlier era’s dream than the nightmare too often portrayed in media account. By historical standards, things are looking awfully good: “low interest rates, affordable energy, full employment without inflation and broad access to home ownership.” We’ve even learned to compete with the Japanese.
Advertisement
Join the conversation as a VIP Member