The Hill News

We have to face the fact that tough times lie ahead. But just because we all might have to tighten our belts does not mean we should fall prey to a gloomy outlook. In times of struggle, we must take comfort in the certainty that the economy will once again rebound, and times of plenty must eventually return.
 
An economy is life writ large. It is a word that conveys the sum of individuals’ hopes, desires, ambitions, triumphs and frustrations. At any given time, these individual trajectories are going in all directions. As one company goes bankrupt, throwing thousands of people out of work, a leveraged-buyout firm finds it can buy the leftover assets at a fire-sale price. It cobbles together the bones of defunct companies and breathes life into them, giving rise to new opportunities for employment and shareholder wealth.

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