Americas growth historically has been fueled mostly by investment, education, productivity, innovation and immigration. The one thing that doesnt seem to have anything to do with Americas growth rate is a brutal work schedule. – Fareed Zakaria
Having your fiscal house in order and having a more manageable macro-economic future is going to be very useful in creating growth. – Fareed Zakaria
In a very weak economy, when you say cut government spending, what you mean is youre laying off school teachers and youre de-funding various programs that put money into the economy. This means you have more unemployed people that then draw unemployment benefits and dont pay taxes. – Fareed Zakaria
The Berlin Wall wasnt the only barrier to fall after the collapse of the Soviet Union and the end of the Cold War. Traditional barriers to the flow of money, trade, people and ideas also fell. – Fareed Zakaria