Tuesday, November 1, 2011

The damage that has been wrought

John Taylor runs down the decline of American economic leadership, particularly in the wake of the failed fiscal madness of the last few years. 
As the U.S. has moved away from the principles of economic freedom—instead promoting short-term fiscal and monetary interventionism with more federal government regulations—its leadership has declined. Some, even in the U.S., may cheer the decline, but it is not good for the world or for the U.S.