Carl J. Schramm has a great piece on why the real focus on stimulating the economy should be on growing the entrepreneurial class: Only private enterprise — in particular high-growth start-ups — will create the jobs and the wealth to right America’s listing economy. That is, if we let them. What our economy most needs [...]
For those who want to know what our future will look like, here’s a brief preview. F.A. Hayek’s brilliant The Road to Serfdom in a short illustrated form. I’ve never been more bleak about the future of this country. The road to serfdom isn’t obvious. Nobody intentionally elects a dictator for the purpose of electing [...]
Bob Herbert writes in The New York Times that that what America needs to recover from the recession are more jobs. On that point, he’s absolutely right. The problem is that the jobs he would choose to create won’t do anything to help the economy. Like a good Times columnist, his preferred solution is more [...]
Francis Cianfrocca has an interesting critical look at why Paul Krugman’s call for a massive Keynesian stimulus is the wrong policy. His thesis is right: Krugman and many other economists are stuck in a world of rigid mathematical models that have little bearing on the way the world actually works—which is one of the causes [...]
Andrew Sullivan went from being an astute conservative columnist to a frothing partisan hack somewhere around the 2004 elections. His latest column in The Sunday Times amply demonstrates his fall into hackery. Now, because the Republicans have the sheer audacity to defy the Leader and go against a budget-busting spending bill in a time of [...]
Tags: Andrew Sullivan, hackery, Obama, Politics, rhetoric, stimulus
Popular Mechanics has a great piece on the myth of “shovel ready” infrastructure projects: The programs that would meet the bill’s 90-day restriction are, for the most part, an unappealing mix of projects that were either shelved after being fully designed and engineered, and have since become outmoded or irrelevant, or projects with limited scope [...]
Tags: Congress, economy, infrastructure, Obama, pork, stimulus
President-Elect Obama has chosen to embrace some of the worst economic thinking in his recently announced economic recovery plan. The buzzword he’s following is “infrastructure”—and it’s a strategy that is doomed to fail. Reason‘s Nick Gillespie sarcastically looks at the plan: When the history of this awful moment of bailout hysteria is written, there’ll be [...]
Tags: creative destruction, Economics, Obama, recession, stimulus