US economy is at an amazing position currently. Even though it has a smaller share of the global economy than 1960s (40% then vs 22% now), the 60s was an anoma

US economy is at an amazing position currently. Even though it has a smaller share of the global economy than 1960s (40% then vs 22% now), the 60s was an anomaly as most of Europe and Asia's economies were decimated from the war - the jump in worldwide prosperity is a lot better for the human species. US economy is the biggest in the world, twice as big as the next country, and 5 times bigger than Japan, and 6 times bigger than Germany. It has survived stagflation and oil crisis in the 70s, and globalization in the 80s and 90s. The US economy is much diversified - from tech in Silicon Valley, entertainment in Hollywood, oil and gas in Texas, tourism in Florida, finance and fashion in NY, agriculture, manufacturing, services, etc - and safer from systemic shocks from a loss of one particular industry. Capital is freely flowing into US - and away from emerging countries. US growth is in the 3%, while Japan/Germany is close to recession, and China is experiencing its own great depression.