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Fed Honcho Sees Good Things

Michael Cox, chief economist at the Federal Reserve Bank of Dallas, gave a talk this morning about longterm economic trends that should have been mandatory for all presidential candidates–especially the Democrats. In a nutshell, Cox told the Association for Corporate Growth here, globalization has been a huge positive for the U.S. and the world, with higher living standards, an explosion in productivity growth, fewer economic downturns, more wealth, lower inflation rates and greater economic power for women. The U.S. needs to get serious about education–vouchers would help there, Cox said–but, in general, we’re living in a time of tremendous opportunity. Sure wouldn’t know it by listening to the politicians.

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6 Comments to “Fed Honcho Sees Good Things”
  • Gwyon

    Gee. Who can argue with that?

  • Sean

    Glenn, do you write your posts long-hand before posting, or have you given that up?

  • Glenn Hunter

    Yes, I write out everything long-hand, usually on heavy bond paper. And always with a quill pen.

  • Trey Garrison

    While wearing a top hat.

  • IttyBittyWussy

    Glenn = Alibaster?

  • MD

    I just got off the phone with Michael Cox, he wanted to add,

    “there is also a chance of rain in the future.”

    “and robots”

    “and space travel”

    “in the future, that is.”