TWO centuries ago, their mercantile genius and drive gave the American colonists the world's highest standard of living. The nation since then has grown complacently accustomed to being the richest on earth. Yet the U.S. has rarely been at ease with its wealth, and even now, on the brink of a trillion-dollar economy, it has not fully reconciled the desire for private affluence, the requirements of international responsibilities, and the tremendous need for social and environmental reforms.
Richard Nixon has spoken movingly of the grail of the 1970s: improving the quality of life for all Americans. But his first annual Economic Report...
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