The U.S. Economy Keeps on Booming

The brief slow-down in fourth-quarter GDP growth, resulting largely from the lagging effects of the third-quarter hurricanes, is now behind us, and the great 21st century productivity boom is moving into high gear. We’ll take a look at the reality behind the numbers.

When a natural disaster practically wipes a major city off the map — at least temporarily — it should be expected to have a catastrophic effect on a nation’s economy. But although there was a Katrina-induced fourth-quarter lull, there is no que.....