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Economics

America's Exceptional Economy

Edward Lazear explores what has made America's economy successful, what sets it apart from other nations, and what needs to be done to sustain its prominence in the global economy. Lazear shows that America and its people have prospered by prioritizing economic freedom, industriousness, low taxes, light regulation, free trade, and openness to immigration.

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The American economy has been so successful over time because of its industrious and mobile workforce, its historically light taxes and regulation, and its openness to immigrants and trade.
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American workers have always been industrious and well educated, leading to long-term economic growth and prosperity.
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America’s exceptional economy benefits from its longstanding tradition of a mobile society and dynamic labor force, regardless of whether workers are native or foreign born.

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From its robust economy to its industrious nature to its dedication to improve the lives of the next generation, America needs to maintain the attributes that have made it exceptional on the world stage.
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What do you think: Is America exceptional?