George Gilder has taken his lumps after the stock market bubble burst, but he shows that he still has an acute understanding of national economic policy--good and bad--in this editorial on the WSJ Online.WSJ.com - America's New Jingoes

Money quote: "The U.S. today stands at a crossroads. The key economic issue confronting the next president is whether to embrace the policies of decline and sclerosis that afflict old Europe and have left generations of young people unemployed; or whether to enlist with Asia in the supply-side policies of dynamism and growth that have brought more human beings out of poverty than any other regimes in world history.

It should be an easy choice. The American left once displayed a real concern for poor people, but today they exhibit merely a morbid envy of the rich. Once they supported American engagement in the world. Today, they retreat to a timorous parochialism. Now it is President Bush who shows compassion for the world's poor and confidence rather than timidity before the forces of global capitalism. It is Mr. Bush who is embracing Asian dynamism rather than Eurosclerosis. For America, that is the winning side."