Jan 2009
Very simply put, the outlook for economic growth similar to that of the last 25, 50 or 100 years is excellent, because the factors that brought about historical growth (advances in science, technology, medicine, business methods, productivity, innovation, entrepreneurship and relative political stability) continue to operate in much the same way they have for many years in our nation of opportunity. Yes, every recession—including the present one—has had its own unique attributes, but none of these conditions in the past has been able to permanently disrupt economic growth.