Tuesday, September 29, 2009

Harder, better, insolventer, quagmireder

Brian Domitrovic, Wall Street Journal:

In 2003, as the Iraq war got going, France complained that the U.S. was the world's "hyperpower." Yet France itself was partly responsible for this fate. Had France committed to achieving high GDP growth via free-market incentives as the U.S. had in the 1980s and 1990s, it would have been appreciably richer in the 21st century, and thus a greater force in international power politics.

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