Editor’s Note:
The author misses a key reality this year. A good number of economists and most of the left-leaning media have been talking down the U.S. economy, not because the data are weak, but because they have a political axe to grind against President Trump. That steady drumbeat has shaped the narrative far more than the facts on the ground. The gap between the gloomy commentary and the strong numbers is no accident. It is tied as much to the politics of 2025 as to any economic argument.
By Pinelopi Koujianou Goldberg, Project Syndicate | November 19, 2025
Although most economists have issued dire warnings about the damage tariffs and other ill-advised policies would cause, the US economy’s aggregate indicators have remained quite robust. Some of the costs may simply have been postponed, but rapid advances in AI could well offset them when they fall due.
