As a consequence, the Argentine currency has been pushed upwards, along with the US dollar, against the currencies of many of Argentina’s trading partners. Similarly, Hong Kong seems to have had a more prolonged recession than many other Asian economies for the same sort of reason.
This fate, however, does not have to be ours. The U.S. economy is capable, in my judgment, of delivering more. 1  Daniel Patrick Moynihan (1993), "Defining Deviancy Down: How We've Become Accustomed to Alarming Levels of Crime and Destructive Behavior," American Scholar, Winter.