Good Times.

Here are some excerpts from Michael Barone of U.S. News and World Report that tells us about them:

"First, economic growth. In 2005, as in 2004, the world economy grew by about 5 percent, according to the International Monetary Fund, and the IMF projects similar growth for several years to come. This is faster growth than in all but a few peak years in the 1980s and 1990s, and it's in vivid contrast to the long periods of stagnation or contraction in history. The great engine of this growth is, of course, the United States, which produces more than one fifth of world economic product and whose gross domestic product has been growing at around 4 percent--4.8 percent in the latest quarter. "

"Free-market economic growth is enabling millions of people to rise out of poverty every year, even more than the experts expect. As the IMF writes, "The momentum and resilience of the global economy in 2005 continued to exceed expectations."

"But aren't we also living in times of record strife? Actually, no. Just the opposite. The Human Security Centre of the University of British Columbia has been keeping track of armed conflicts since World War II. It reports that the number of genocides and violent conflicts dropped rapidly after the end of the Cold War and that in 2005 the number of armed conflicts was down 40 percent from 1992. Wars have also become less deadly: The average number of people killed per conflict per year in 1950 was 38,000; in 2002 it was just 600. The conflict in Iraq has not significantly changed that picture. American casualties are orders of magnitude lower than in the conflicts in Korea and Vietnam, and precision weapons have enabled us to vastly reduce the civilian death toll."

I know the left hates to be confronted with good news, but there it is. Enjoy it anyway. That's the wonderful thing about a free economy and a Democracy. We all benefit, even those who don't appreciate it.

via Powerline