The editor’s opinion from Marketplace, Northeast Wisconsin’s business magazine. (Obligatory disclaimer: Most hyperlinks go to outside sites, and we’re not responsible for their content. And like fresh watermelon, peaches, pineapple, grapefruit, tomatoes and sweet corn, hyperlinks can go bad after a while.)

July 2, 2008

Analysis of the Day I

U.S. News & World Report’s James Pethokoukis on “How the Next President Can Return America to Prosperity.” The punch line:

The idea that we're at the mercy of powerful economic forces beyond our ability to dramatically influence is just flat-out wrong—especially since many of our current problems were created by bad government policy.

It's all such a 1970s way of thinking. That’s when many gloomy experts told America that the Cold War, inflation, scarcity, and economic malaise would be permanent fixtures in our lives. Americans, they insisted, needed to lower their expectations of what was possible. Life was now more of a zero-sum game. The same meme is being recycled today. Don’t believe it.

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