American assetts


Blogger and fellow Pagan has some good things to say about the economy
...America’s fundamental economic strength is rooted in the most stable of assets — its values. The U.S. is still an astonishing assimilation machine. It has successfully absorbed more than 20 million legal immigrants over the past quarter-century, an extraordinary influx of human capital. Americans are remarkably fertile. Birthrates are relatively high, meaning that in 2050, the average American will be under 40, while the average European, Chinese and Japanese will be more than a decade older.

The American economy benefits from low levels of corruption. American culture still transmits some ineffable spirit of adventure. American students can’t compete with, say, Singaporean students on standardized tests, but they are innovative and creative throughout their lives. The U.S. standard of living first surpassed the rest of the world’s in about 1740, and despite dozens of cycles of declinist foreboding, the country has resolutely refused to decay.
— Karl Lembke, The strong US economy, November 27, 2007, Rite Wing TechnoPagan

I still say that considering everything the American economy has had thrown at it in the last decade or so, the real news is not the bumps but the ongoing trendlines.

— NeoWayland

Posted: Wed - November 28, 2007 at 02:07 PM  Tag


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