We (the US) are rich enough to accommodate really bad policy.

Eli,

A random line from a Cato Institute podcast on human capital.

"We (the US) are rich enough to accommodate really bad policy."

I thought it encapsulated the ability of the US economy to continue to grow despite really bad policy since, mostly, FDR. But as we have witnessed over the past three economic recoveries, the three slowest since WWII, the accumulation of really bad policy is starting to take its toll.

Bill