Can't? You should have stopped with "won't," Bill Mann
Okay, it is pretty audacious to chastise one of the greatest investors at the Fool (or in the world?), but Bill Mann said something ridiculous. After saying that an 11.5% economic growth rate is something that the U.S. will never see again (which is probably true), he immediately went on to say it can't. It can't?
I'm no blind jingo (or at least, I think I'm not), but this is ridiculous. Economic expansion leads to faster economic growth rates, not slower, until the government gets involved. Doing away with the welfare state (including corporate welfare), minimum wage laws, government licensing, government controls over what sort of toilets we have, and other Soviet-style assistance, would bring back economic growth rates in excess of 11.5%. Now, perhaps Mr. Mann sees central planning of an economy as being more "developed" than a free market, but it is by no means a given that we can't go back to a free market. It just seems likely, at this point, that we never will.
And that is why I am investing in silver, for instance CDE and LMC call options.