CHAPTER 8

Looking Ahead

      We cannot predict the value of our homes or prices on the stock market from day to day. We cannot anticipate illness or automobile accidents, the behavior of our children, or the incomes of our parents. . . . We are almost entirely incapable of predicting the future.

         Yet economics purports to be strangely exempt from this fact of life.

—GEORGE GILDER, Knowledge and Power

WHERE DO WE GO FROM HERE? THE GLOBAL OUT-look is mixed. If the Federal Reserve continues pulling back from its disastrous experiment in interest rate manipulation known as quantitative easing, more credit should flow to small and new businesses. America’s recovery should gain momentum. This will not only be good for the United States but ...

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