We spend all manner of time and effort trying to de-couple these things which cannot be separated, no matter how much we want them to be.
I’m talking about economic growth and any of the things we don’t want to tackle because we’re afraid tackling them might harm our prospects for growth: health care reform, immigration policy, energy policy, especially regarding carbon emissions. Not only only will addressing these policy challenges head-on not jeopardize the future of the economy – the future of the economy is pretty-well destined to leave the toilet and head toward the sewer if we don’t address them. Stop me if you’ve heard this before.
So what do you see when you see this graph? Are the prospects for growth drying up? Are they tied to other coincidental developments( peak stupid oil, the internet, the economic rise of Yurp and China? The wild swings of yesteryear and the policies that conjured them should not be the goal now. But this is a difficult idea for our better minds to grasp. We want to go back back back. Time goes forward forward forward, and well have to do way more with way less or we’ll just be like those crowds of people in old movies that are all dead now.
The prospects for and directions of future growth are changing; not in-a-phone-booth kind of changing but cloaked in the heavy disguise of things we’ve [supposedly] never done and so appear foreign and frightening, even un-American. But that charge is scurrilous and ignorant, and done they must be if the growth we crave is to become the reality we so desperately seek to escape. The extent to which we do not get this can become depressing; the extent to which we do will liberate us in the direction that turns hopes into certainty. Warning: An opposite set of outcomes may apply to the more resourceful among you.
Can you hear me, Doctor?