Some commentators have expressed a nostalgia for aspects of the economic world of the 1950s, as Paul Krugman suggested in his book The Conscience of a Liberal. I can understand the sentiment, since the 1950s brught a lot of growth,
Read More
I find books like Tyler Cowen’s The Great Stagnation to be refreshing and valuable not because they are right or wrong but because they offer a different perspective that what we are commonly fed. Much of our policy from both
Read More
Some of the major technological marvel of today’s world are not doing much to create new jobs. They’ll bring big gains but without putting too many people back to work, IT specialists of the right kind excluded. The internet is
Read More
For the last forty years, most Americans have been expecting more than their government is capable of delivering. That mistake is at the root of why our government is functioning poorly. Instead of admitting its limitations, or trying to manage
Read More
Over time, an increasing percentage of what we spend on government is spent on optional rather than core services because the core services tend to have been around longer. Another way of putting it is to say that the marginal
Read More
Recent Comments