A Wall Street regular of 35 years told me last night that he is "optimistic" about the economy because of the native inventiveness, grit and push of the American businessman--and in spite of the Obama Administration's devaluation of the dollar, expansion of government bureaucracy and regulation and the loming threats to the free market in energy and health care.
Maybe so. But the prospects surely would be a light brighter if a big government hand were not on the tiller of the ship of state.
Here's a less sanguine commentary from Discovery Sr. Fellow John Wohlstetter.
