Some Keynesian economists argue that the U.S. economy’s recent uptick is only a “sugar high.” They predict that the slow-growth conditions of the Obama years will soon return. But this pessimistic view is misguided. Better economic policies are the primary reason the economy has improved since 2016. If pro-growth policies remain in place, the economy’s strong performance will likely continue. The growth paths in a market economy depend on the quality of government policies and institutions.

Source: Wall Street Journal August 23, 2018 22:30 UTC