Optimism is empirically supported: Michael Strain
"Optimism is empirically supported. Economic outcomes and broader quality of life have improved dramatically over the past several decades. Go back further, and the improvements are even greater. Moreover, pessimism is a self-reinforcing spiral: In market economies, hard work and risk-taking are rewarded, but if pessimists convince people otherwise, then the pessimists will have created the very problem they are concerned about. Our best days are ahead, as they have been for over two centuries — it is morning, not midnight."
Beautifully put by Michael Strain.
Michael R Strain is the Arthur F. Burns Scholar in Political Economy and Director of Economic Policy Studies at the American Enterprise Institute.
Michael is also the author of The American Dream Is Not Dead: (But Populism Could Kill It).
Two of the passages I love: