05 January 2010

How Bad Were the Naughties?

Tyler Cowen argues recently in the NYT that the previous decade was actually not as bad as you might have thought, since the poor in many countries around the world made significant economic gains. And Art Carden argues in Forbes that the "naughties" brought many goods and services that we already take for granted.

I was very glad to hear this, especially since--with a national debt that is over $12 trillion and counting and that is fast approaching 100% of our GDP--the naughties might have been our last good decade for a while.

No comments: