An Optimistic Take on the Near-Term Prospects of the U.S. Economy

Zachary Goldfarb and Michael Fletcher of the Washington Post point to a tentative housing market recovery, renewed hiring and a decrease in the number of new unemployment claims, and an uptick in net exports to suggest that the economy may have turned a corner. The article focuses on the potential political implications, but the weak state of the post-crisis labor market is first and foremost a human tragedy. One distinct possibility, however, is that the “green shoots” noted by Goldfarb and Fletcher are not in fact signs of a sustainable economic revival, and that the larger trajectory of fiscal and monetary policy will keep the U.S. economy mired in sluggish growth. This is why many of us hope for a serious shift in fiscal and monetary policy. 

Reihan Salam — Reihan Salam is executive editor of National Review and a National Review Institute policy fellow.

Most Popular


The Gun-Control Debate Could Break America

Last night, the nation witnessed what looked a lot like an extended version of the famous “two minutes hate” from George Orwell’s novel 1984. During a CNN town hall on gun control, a furious crowd of Americans jeered at two conservatives, Marco Rubio and Dana Loesch, who stood in defense of the Second ... Read More
Law & the Courts

Obstruction Confusions

In his Lawfare critique of one of my several columns about the purported obstruction case against President Trump, Gabriel Schoenfeld loses me — as I suspect he will lose others — when he says of himself, “I do not think I am Trump-deranged.” Gabe graciously expresses fondness for me, and the feeling is ... Read More
Politics & Policy

Students’ Anti-Gun Views

Are children innocents or are they leaders? Are teenagers fully autonomous decision-makers, or are they lumps of mental clay, still being molded by unfolding brain development? The Left seems to have a particularly hard time deciding these days. Take, for example, the high-school students from Parkland, ... Read More
PC Culture

Kill Chic

We live in a society in which gratuitous violence is the trademark of video games, movies, and popular music. Kill this, shoot that in repugnant detail becomes a race to the visual and spoken bottom. We have gone from Sam Peckinpah’s realistic portrayal of violent death to a gory ritual of metal ripping ... Read More