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Germany and America Lead



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From my most recent NRO article, on the European and American economic outlook: “If Mitt Romney appoints some such people as Jim Grant to the Fed, Mitch Daniels to Treasury, and Paul Ryan to the Budget Office, with a mandate for entitlement reform, prudent spending reductions, higher consumption taxes and lower income taxes, incentivization of energy-import reductions, and, if necessary, some temporary workfare to shrink chronic unemployment, the United States and Germany will lead the West and the world to better days. It not only could happen, despite the encircling gloom, it is, by a cigarette paper’s margin, the likeliest scenario.”

Whether you agree or disagree, your comments are, as always, most welcome.



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