April 28, 2006

American Boom

Larry Kudlow

Today’s economy may be the greatest story never told. It’s an American boom, spurred by lower tax rates, huge profits, big productivity, plentiful jobs, and an ongoing free-market capitalist resiliency. It’s also a global boom, marked by a spread of free-market capitalism like we’ve never seen before.

The political resolution to the disconnect between fear (high energy prices) and reality (a great economy) remains to be seen. But as the data keep rolling in, the economy continues to surpass not only the pessimism of its critics, but even the optimism of its supporters.

Posted by dan at April 28, 2006 9:13 AM