Why Trump’s Inauguration is Not the Beginning of an Era — but the End
“We are suffering just now from a bad attack of economic pessimism. It is common to hear people say that the epoch of enormous economic progress which characterized the 19th century is over; that the rapid improvement in the standard of life is now going to slow down — at any rate in Great Britain; that a decline in prosperity is more likely than an improvement in the decade which lies ahead of us.
I believe that this is a wildly mistaken interpretation of what is happening to us. We are suffering, not from the rheumatics of old age, but from the growing-pains of over-rapid changes, from the painfulness of readjustment between one economic period and another…”
John Maynard Keynes, Economic Possibilities for our Grandchildren (1930)
I spent a good chunk of the holiday break in a cabin with a spectacular view of a bay just off the Pacific Ocean outside the tiny town of Inverness north of San Francisco. It reminds me of the view from the cabin I grew up with in the American heartland, outside the Twin Cities in Minnesota. Looking out over the natural beauty of this amazing country of ours helped me think through the tumultuous past year with a big-picture, more timeless perspective. It helped me get clear about what lies ahead.
