Posted by: The Elephant Owner in Economics on September 28th, 2010

Seeds of Destruction

America is very close to a destructive tipping point…We must change how we conduct our politics and economics…or we will inevitably go the way of all once-great nations and suffer an irreversible decline.

Hubbard, dean of Columbia Business School, joined Dan Gross and I to discuss the “major structural imbalances” facing America, chief among them being the government’s profligate spending.

I believe we are in decline, but I don’t believe it is irreversible. There is too much pent up energy and spirit in the American people to count us out for long.

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