Economies are booming in America and around the world. U.S. gross domestic product growth for the third quarter of 2005 was revised upward to over 4%, annualized. Productivity growth remains well over 4% annually.
Much of the developed world is growing in the range of 2 to 3%. China, India, and other emerging industrial and developed countries are growing by as much as 6 to 10% per year.
More wealth is being created around the world than ever before. Gross world product is on track to double in the next 20 years.
The idea of free markets and free trade is prevailing. While many roadblocks and obstacles remain in the path toward a free society, progress is being made. Now is the time to continue to advance the libertarian agenda of deregulation, lower taxes, less government spending, and privatization of public services.
In the great economic prosperity we are now experiencing – greater prosperity than ever known before – new political possibilities will emerge. One thing the great libertarian thinkers and writers emphasize is that what was once politically impossible can become politically possible. Now is the time for new thinking and work on how to achieve the free society.