Friends, Many people remain dissatisfied, but it’s time to admit what has been obvious for quite some time: the U.S. economy is delivering more prosperity to more Americans than at almost anytime in my lifetime (73 years!). Perhaps the only comparable periods were the late 1990’s in the midst of the Clinton-era tech boom driven by the expansion of the Internet, and the mid–to-late 1960s, after the Kennedy-Johnson tax cuts of 1964 and before a combination of Vietnam War and Great Society spending forced the government to raise interest rates and taxes to try to restrain inflation.
Redburn Reads, Feb. 5 (U.S. Prosperity edition)
Redburn Reads, Feb. 5 (U.S. Prosperity…
Redburn Reads, Feb. 5 (U.S. Prosperity edition)
Friends, Many people remain dissatisfied, but it’s time to admit what has been obvious for quite some time: the U.S. economy is delivering more prosperity to more Americans than at almost anytime in my lifetime (73 years!). Perhaps the only comparable periods were the late 1990’s in the midst of the Clinton-era tech boom driven by the expansion of the Internet, and the mid–to-late 1960s, after the Kennedy-Johnson tax cuts of 1964 and before a combination of Vietnam War and Great Society spending forced the government to raise interest rates and taxes to try to restrain inflation.