By Michael S. Derby
U.S. economic policy makers have something to learn from the successes Mexican leaders have had over recent years, a Federal Reserve official said Wednesday.
“Not only is Mexico doing better, macroeconomically speaking, than
the false stereotypes would have us think, Mexico is actually doing
better than the United States in many macroeconomic areas,” Federal Reserve Bank of Dallas President Richard Fisher
said. “From a macroeconomic standpoint, Mexico’s future is bright; its
prospects keep improving. Sadly, one cannot say the same about the
present macroeconomic trajectory of El Norte,” the official said, in a
reference to the U.S.
“This may come as a shock to those Americans who tend to look at
Mexico solely through the lens of immigration or drug trafficking, or
whose most benign perception of Mexico is gleaned from lying on a
beautiful beach sipping a margarita in Punta Mita,” Fisher said.