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I am shocked. The mainstream media, for
the first time, did not report with a knee jerk negative reaction to President
Trump. I didn’t listen to the full State
of the Union address so I don’t really have opinions on it yet, but I am
surprised the main outlets called it presidential and hopeful.
I was told I would be surprised by this chart, but I am
not. My guesses would have been very
close on US, China, Japan, Germany, France, and UK. India I would have overestimated.
Two quotes for
you:
“The
United States of America has maintained this enormous share of the world's
output for at least two generations. What more could anybody ask from an
economy? The rest of the world has increased its output to a degree that would
not have been conceivable in 1950. This is especially true of China. It is also
true of Western Europe. Nevertheless, for all of this increase in output, the
United States of America is still the biggest player of all. We are not falling
behind.”
“Conclusion:
there are legitimate things to be concerned about, but economic growth is not
one of them. Western civilization is not verging on collapse. Neither is the
world economy.”
“This phenomenon
even hurts public schools. According to the Friedman
Foundation for School Choice, of 33 studies that analyzed the effect of
competition on public schools, 31 found that public schools improved. When
institutions have to earn their audience, they find ways to improve; when
they’re protected from competition, they stagnate.”
Takeaway: School
choice benefits ALL schools, even the government-run public schools, by
introducing some competition.
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