Invent, Invent, Invent
“We might be able to stimulate our way back to stability, but we can only invent our way back to prosperity. We need everyone at every level to get smarter.”
“Sometimes, I worry, though, that what oil money is to Russia, our ability to print money is to America. Look at the billions we just printed to bail out two dinosaurs: General Motors and Chrysler.”
Tom Friedman’s op-ed in the NYTimes. Innovation clusters are hard to shift, but so far no one has been able to replicate the Si Valley code despite East Asian governments pouring lots of money into infra. What is trade like in a world of L-shape growth for SGP?
