America's Economy the Envy of the World
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For the non-morons. The US economy is great. The people too stupid to understand it, keep repeating their feelings instead of the actual numbers.
America’s economy is bigger and better than ever (economist.com)
In 1990 it accounted for about two-fifths of the gdp of the g7. Today it makes up half. Output per person is now about 30% higher than in western Europe and Canada, and 60% higher than in Japan—gaps that have roughly doubled since 1990....
Mr Trump poses the bigger risk to America’s extraordinary economy. He speaks of imposing ruinous tariffs on imports and embarking on huge programmes to deport millions of non-citizens, many of whom have been fully integrated into the labour market for years. He is cavalier about institutions, including the Federal Reserve and the rule of law. Should the independence of either be undermined, America would no longer attract the talent and money it needs to keep pushing relentlessly ahead. Nobody knows if Mr Trump means what he says, but the chance that he does hangs heavily over his candidacy, like Mr Musk’s rocket over the launch pad.
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