The American economy is “The envy of the world” according to The Economist, one of the most respected publishers of worldwide financial news. This international publication prints “Economic & financial indicators” near the back page each week, and the United States is always at the top of the list.

However, I have not seen such an endorsement of the U.S. economy before the issue for Oct. 19.

Donald Trump and Bill Clinton both complained about the economy before they were elected, and each took credit for improvements while they were president, but the fact is that the U.S. has been economically stronger than other nations for a long time.

The Economist notes that we have had “upheavals” like the “dot-com bust,” unemployment during the COVID-19 pandemic, and the current inflation. Nevertheless, our economy is stronger than all other developed nations on earth.

Workers in our poorest state earn higher average wages than workers in Britain, Canada, and Germany. The U.S. is the only nation with 10% economic growth since the pandemic began, and the only nation with output and employment above pre-pandemic expectations as described by the International Monetary Fund.

The Economist points out that America is “endowed with gifts” of geography allowing businesses of scale to spread good ideas quickly to a giant consumer market. Americans travel and spend money, and the U.S. has a large “well-integrated labor market” leading to upward mobility.

Even our much-maligned immigrants on the southern border contribute a “tailwind” to the upward thrust of our economy. They do the dirty and hard jobs Americans do not want.

As my dear Daddy used to say, “It takes money to make money.” Americans have the deepest pockets to support “startups” with innovative ideas.

Our businesses are not overly regulated by government, but we have federal continuity to secure our banking system and support investment.

The stability of our government is essential for keeping our currency strong. As long as the dollar is the dominant currency in the world, our buying and selling power will be effective in the market worldwide.

The Economist makes it very clear that “throwing money” at the pandemic is one big reason why the US is doing better than other economies.

After studying what Gov. Kump did in the 1930’s, I know that we cannot afford to ignore the economic and environmental lessons from the Great Depression.

Our people, our laws, and our land are worth the investment if we hope to create a brighter future.