A macroeconomist says that despite the risks, long-term growth patterns should make you optimistic about the future
In your rush to understand today’s stock market numbers or tomorrow’s tax and debt debates, you might be blinding yourself to two important long-term economic trends: the tripling of income over three generations in the United States and the way poor countries are finally also raising their standards of living.
This piece originally appeared in Stanford Business Insights from Stanford Graduate School of Business. To receive business ideas and insights from Stanford GSB click here: (To sign up: https://www.gsb.stanford.edu/insights/about/emails)