For the past few years, Australia’s economy has largely avoided the downturn that other Western economies have experienced. Unemployment peaked at 5.7%, far below the US peak of 10.2% and less than half of the Eurozone peak of 12.1%. Between 2004 and 2009, the economy grew at an average rate of 5.3%– exceptionally strong growth for a developed economy. According [...]
Post Tagged with: "Economy"
But even more importantly, the selection of Ryan sends the message that Romney will push for policies that he believes are best for this country, even if they may be politically unpopular.
But perhaps recognizing that government has the important role of not just supporting, but rather getting everyone to the same starting point — Tocqueville’s “equality of conditions” — will dispel the notion that government is incompatible with individual effort and a thriving civil society.
When it comes to work ethic, it seems that American’s have a more productive but vastly less healthy approach than Europeans. So, it comes down to a question of how we want to live, and striking a balance between productive and healthy that doesn’t leave us all reaching for the medicine cabinet.
In today’s political environment, expediency often takes precedence over good policy making. But the sooner we realize that there isn’t a magic bullet for fixing the economy, the closer we’ll get to fixing it.