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''The Establishment looks [at] cryptocurrency as a threat'' by TheWebster technology economics
, “From triumph to downfall is but a step. I have seen a trifle decide the most important issues in the gravest affairs.”in Y2K was around $13T. It is now approaching $20T.. Assuming spending
At somewhere between 3% and 4% real annual GDP growth Social Security would be persistently solvent. Such is the power of general prosperity! So, we’ve been through 20 years of the economic doldrums, reducing our cumulative incomes and net worths by as much as 50%. The good news is that we can make up for lost time pretty quickly with supercharged growth.
The Republican Establishment called our prescription, as channeled by presidential candidate Ronald Reagan, “voodoo economics.” The Democratic Establishment ridiculed supply-side as “trickle down.”declared for the presidency the Dow Jones Industrial Average was 814. As I write this it’s over 34,000., capita real GDP then was $30,000/year. Now it’s approaching $60,000. Real, inflation adjusted, per capita….,” was monetary, not tax, policy.
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