We have been so used to bad economic tidings ever since the onset of the financial crisis that it is hard to remember what good news reads/sounds/looks/smells like. But courtesy of Tyler Cowen, we have some cause for optimism:
THE state of the economy is far from ideal, but some very definite positives are brewing. It’s not just that we are continuing to recover from a deep recession; we are also seeing signs that America’s long-term future may be looking up, too.
The case for optimism is hardly open-and-shut. The economy’s problems include high unemployment, mediocre productivity gains and stagnant or slow-growing earnings for most income classes. Still, let’s consider five indicators that the future is starting to brighten:
Read the whole thing. (Via Free Exchange.)