During years 1981-2023, there were only 5 years (1982, 1991, 2008, 2009, 2020) where US growth was less than 1%.
2001 came vanishingly close, at 1.2%, and mostly because of timing and enormous state intervention.
And those were all famously inconsequential. Certainly, none of them broke critical industrial centers, forcing large scale consolidation and outsourcing.
The banking, automotive, airline, tech, and manufacturing sectors are - I think we can all agree - far more robust and prolific today than they were 40 years ago. So many consumer choices. All of them excellent products that never catastrophically fail on a routine basis. Certainly nothing that requires constant state bailouts and protectionists actions to preserve.
I don’t know enough to say whether that’s thanks to or despite Reagan
Giving one man all the credit for what has been a sizeable intergenerational ideological crusade seems naive.
I think there are a long line of people you could say “Thank you” to, from Jack Welch to Bill Gross to Alan Greenspan to Jeffrey Epstein.
2001 came vanishingly close, at 1.2%, and mostly because of timing and enormous state intervention.
And those were all famously inconsequential. Certainly, none of them broke critical industrial centers, forcing large scale consolidation and outsourcing.
The banking, automotive, airline, tech, and manufacturing sectors are - I think we can all agree - far more robust and prolific today than they were 40 years ago. So many consumer choices. All of them excellent products that never catastrophically fail on a routine basis. Certainly nothing that requires constant state bailouts and protectionists actions to preserve.
Giving one man all the credit for what has been a sizeable intergenerational ideological crusade seems naive.
I think there are a long line of people you could say “Thank you” to, from Jack Welch to Bill Gross to Alan Greenspan to Jeffrey Epstein.
You dropped this:
/s