Why Growth is Good

By Robert Reich on Tuesday, August 17, 2010  I am a big fan of Robert Reich.  In these confusing times, he brings a voice of calm and thoughtfulness with the power of experience.  I hope you enjoy his post from earlier this week. It is posted here in its entirety and you can see the original blog here.  Economic growth is slowing in the United States. It’s also slowing in Japan, France, Britain, Italy, Spain, and Canada. It’s even slowing in China. And it’s likely to be slowing soon in Germany. If governments keep hacking away at their budgets while consumers almost everywhere are becoming more cautious about spending, global demand will shrink to the point where a worldwide dip is inevitable.  You might ask yourself: … [Read more...]