Economic pessimism is en vogue in America today, a point not lost on many politicians. "You are going to be so proud of your country, because we’re gonna turn it around, and we’re gonna start winning again,” Donald Trump has promised crowds.
There are, however, reasons to be proud already of the economy’s performance in the last few years. While the U.S. clearly faces some thorny problems with inequality, geographic sorting, and intergenerational mobility, it is nonetheless true that this recovery has been a machine of unshakable consistency, despite being overshadowed by not only the lurid circus of the presidential election, but also by several global eruptions, from the collapse of oil to the vertigo of Venezuelan inflation.
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