Edward Lazear, Part of the Problem
Professor Lazear in the Wall Street Journal article yesterday says that growth has been too slow coming out of the 2008 crash, well yeah. The 72 year business cycle doesn’t happen very often but when the cleanout comes it takes all hands on deck to get things back on track. In the areas where that was implemented, autos being a prime example, things have turned out well. On the other hand Republican obstructionism , of which Lazear is a philosophical economic instrument, has kept many areas of the economy from coming back.
After the timeliness of yesterdays dollar/gold comments I should probably raise annual subscription rates, but then I would have to make this a job,