James Pethokoukis at US News and World Report suggests that we may be nearing the end of a twenty five year economic boom -- and there seems to be plenty of blame to go around:
America's 25-year superboom has been driven by 1) reduced regulation/more competition, 2) lower taxes, and 3) the end of the Cold War, which allowed capitalism to spread across the globe....Yet right now there are calls for 1) a "timeout" from free trade, 2) more industry regulation, 3) high-cost mega-spending projects for the environment, and 4) higher income, investment, and payroll taxes.
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