As for America, we've thrived in recent decades with a credit-consumption-led economy, whereby we maintained a middle class by using more steroids (easy credit, subprime mortgages and construction work) and less muscle-building (education, skill-building and innovation).


The New York Times (27 August 2011)

Thomas L. Friedman Quotes

As for America, we've thrived in recent decades with a credit-consumption-led economy, whereby we maintained a middle class by using more steroids...

As for America, we've thrived in recent decades with a credit-consumption-led economy, whereby we maintained a middle class by using more steroids...

As for America, we've thrived in recent decades with a credit-consumption-led economy, whereby we maintained a middle class by using more steroids...

As for America, we've thrived in recent decades with a credit-consumption-led economy, whereby we maintained a middle class by using more steroids...