How We Can Avoid Becoming Like Japan

David Smick, CommentaryThese days, it is said, the industrialized world economy is like a beauty pageant for the unattractive in which the victor will be the contestant deemed the least ugly. And so, as disappointingly as the U.S. economy has performed over the past four years, America could still end up a winner. That helps explain why U.S. Treasury bonds continue to be the safe haven for the world’s capital. But is being the “least ugly” good enough for a country experiencing rising social disruption stemming from high unemployment and declining personal income?Twice a year, the...

Nicole Scherzinger Nicollette Sheridan Nikki Cox