“That is, the experts are not always disinterested, and they sometimes use their powerful positions to find ways to avoid the consequences of their own innovations. Court-ordered busing to achieve school integration, for example, involved many children, but few whose parents were the judges, lawyers, and activists who promoted this remedy.”
Read More“Neither the inflation of the 1970s nor the transformation of America’s industrial heartland into its Rust Belt was inevitable, she argues. Both were direct, foreseeable consequences of short-sighted choices: demanding that monetary policy accommodate irresponsible fiscal policy, and labor and management agreeing to enrich one another by fleecing customers and shareholders ever more brazenly.”
Read MoreFor FDR the ‘Forgotten Man’ was the victim of an unfair society left behind in the capitalist economy. Only a robust central government had the power to right this wrong. For William Sumner the ‘Forgotten Man’ was one who would be required to ultimately pay for it.
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