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Should-Read: Ben Friedman: Has Economics Failed Us?: The Search for New Assumptions

Should-Read: This by he wise Ben Friedman seems to me to be partly wrong. It was a failure of politics, but a failure of politics enabled by what Paul Romer calls post-real-macroeconomics:

Ben Friedman: HAS ECONOMICS FAILED US?: The Search for New Assumptions: “Democracy doesn’t always deliver what the technical experts recommend…http://democracyjournal.org/magazine/45/the-search-for-new-assumptions/

…and the package that became law was presumably the best on which Congress and the President could agree. And if it wasn’t, the failing was a matter of politics, not economics…

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Should-Read: Ben Friedman: Has Economics Failed Us?: The Search for New Assumptions

August 9, 2017

AUTHORS:

August 9, 2017

AUTHORS:

Factsheet: Is the U.S. economy in a recession, and how does recession dating work?

U.S. income and wealth inequality are no longer increasing, but a return to the equitable levels of the mid-20th century isn’t likely anytime soon