This article was originally published in Newsweek.

With talk of a “bull market” entering mainstream discourse, Americans should tread carefully. The U.S. economy may be showing signs of improvement, but it is still weaker post-pandemic than before it.

U.S. policymakers should focus on flourishing, not simply inequality, poverty, and disadvantage. This would entail a focus on physical and mental health, positive social relationships, freedom, meaning, agency, and an ability to live with respect and dignity to pursue goals and aspirations. Social mobility—the chance to better oneself and one’s children—is an important aspect of flourishing.

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