In a classic scene from the film City Slickers, Jack Palance holds up one gloved finger as he counsels Billy Crystal that the secret of life is just “one thing” that is all-important. “You stick to that and everything else don’t mean shit.” Eventually Billy Crystal figures out that “one thing,” the key to life.
I don’t know, but I’m pretty sure that “one thing” must have been economic growth. I’ll hazard a guess the phrase “economic growth” is mentioned, on national TV and cable networks alone, over 200 times daily. President Barack Obama probably emits the phrase 20 times a day on his own, and that’s not counting talking in his sleep. Restoring economic growth is right up there with putting a man on the moon, ending terrorism, and putting cheese in a spray can. Who would argue with that? Never one to shy away from controversy, allow me to take a stab at it.
author: The Great Disruption