Mike Harvey writes a wonderful weekly newsletter called “Flourishing.” I got to know Mike when he coordinated a couple of my talks in his hometown of Winfield, KS (population 12,206).
Last week’s edition had this thought from Mike:
This unique map ought to give pause to those who imagine that the U. S. is losing its competitive position in the world economy. The structure of our economy is changing, but America is not losing its strength. Thanks to huge increases in productivity, which in turn are the result of lower tax rates on capital (thank you Ronald Reagan and George W. Bush), American manufacturing output is at a record high—both absolutely, and as a percentage of Gross Domestic Product.
It amazed me that the economy of TN is equivalent to that of Saudi Arabia; GA to Switzerland; TX to Canada; CA to Italy and ND to Ecuador.
Sometimes, I think that we beat up on ourselves too much and don’t sit back and look at what a wonderful country we live in. Nor, reflect upon the many benefits we have as Americans. Mike does a great job each week of pointing those benefits out.