Justin Fox, Columnist

5 Reasons Germany Isn't Suffering in the 21st Century

Things aren't going nearly so swimmingly in the U.S.

February 24, 2017 at 5:32 PM UTC

Justin Fox is a Bloomberg Opinion columnist covering business, economics and other topics involving charts. A former editorial director of the Harvard Business Review, he is author of “The Myth of the Rational Market.”

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Photographer: FRANCK FIFE/AFP/Getty Images

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Don't get excited about the low unemployment rate, or high stock prices, Nicholas Eberstadt of the American Enterprise Institute writes in his latest gloomy screed, "Our Miserable 21st Century." Don't believe the ninnies at the New York Times who said that "Mr. Trump will inherit an economy that is fundamentally solid." No, Eberstadt writes, "things have been going badly wrong in America since the beginning of the 21st century."

As the Times's David Brooks put it in a summing-up of Eberstadt's piece on Tuesday: