From Washington Post Column- Fareed Zakaria is one of the few commentators who gets that comparative politics matters: The U.S. economy is recovering well The International Monetary Fund’s latest World Economic Outlook makes for gloomy reading. Growth projections have been revised downward almost everywhere, especially in Europe and the big emerging markets such as China. And yet, when looking out over the next four years — the next presidential term — the IMF projects that the United States will be the strongest of the world’s rich economies. U.S. growth is forecast to average 3 percent, much stronger than that of Germany or France (1.2 percent) or even Canada (2.3 percent). Increasingly, the evidence suggests that the United States has come out of the financial crisis of 2008 in better shape than its peers — because of the actions of its government. Perhaps the most important cause of America’s relative health is the Federal Reserve. Ben Bernanke understood the depths o...
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Showing posts from November, 2012