Brian Gongol
(7.30.2005)
Grading GDP Growth on a Curve
When it's delivered like a grade report card, the economy doesn't look too bad at all right now
"What prudent merchant will hazard his fortunes in any new branch of commerce when he knows not but that his plans may be rendered unlawful before they can be executed? What farmer or manufacturer will lay himself out for the encouragement given to any particular cultivation or establishment, when he can have no assurance that his preparatory labors and advances will not render him a victim to an inconstant government?" - Federalist Paper No. 62
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