Fixing It

Fixing ItSuccess and failure are easily measured in economics. Success occurs when most individuals enjoy rising real wages. Conversely, falling real wages equal failure. America is a rich country because most of its history is a history of success. That history led President John F. Kennedy to observe that "a rising tide lifts all boats." If he could engineer an economy that grew, it was assumed that most Americans would enjoy higher real standards of living. Starting in the mid-Seven...