Traveling in Asia as I am currently doing, always reminds me of the huge changes taking place in the world in general and in Asia in particular.
Industrial societies are a very recent development in the history of the world and have existed only for about 300 years. Alan Greenspan pointed out in his new book that he had been very lucky to take the reins of the Federal Reserve at a time of great productivity growth and economic expansion globally. He certainly was lucky, and all of us living today have been quite lucky to live in an . . .
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