George Mason University Economist Tyler Cowen:
TO put it bluntly, if the United States takes one step back and the rest of the world takes two steps forward, even in purely selfish terms we should consider accepting the trade-off, if only for the longer run. Most of us gain from the wealth and creativity of other countries, even if we can’t always feel like the top dog.
via Economic View – For Much of the World, a Good Financial Decade – NYTimes.
