Ricochet is the best place on the internet to discuss the issues of the day, either through commenting on posts or writing your own for our active and dynamic community in a fully moderated environment. In addition, the Ricochet Audio Network offers over 50 original podcasts with new episodes released every day.
“During the only stable dollar eras of the last century, annual GDP growth averaged 4.9% in 1922-29, 4% in 1948-71, and 3.7% in 1983-2000. The volatile dollar from 2000 to 2022 saw average growth of a paltry 1.9%. Had the dollar remained stable since 2000, with an enduring 3.7% growth, the economy would be nearly 50% greater than it is today, and we would have avoided multiple financial crises along the way.” – Vivek Ramaswamy, The Wall Street Journal, 05/01/2023
That quote was from an article titled “Prosperity Requires a Stable Dollar,” which should be required reading for all Republican Presidential candidates.
Is it possible a major contributor to the current craziness is 23 years of bad economic policy? (Policy was better for a brief time during the Trump years, but Trump didn’t have to clear a high bar.)