Tuesday, February 19, 2019

"This Goes Back to Hamilton, the Daddy of It All"

"'From its very beginning, the United States again and again enacted policies to shift its economy onto a new growth direction—toward a new economic space of opportunity,' argues Concrete Economics, a book by Cohen and DeLong that appears on the reading list. 'Yes, there was an "invisible hand" … But the invisible hand was repeatedly lifted at the elbow by the government, and re-placed in a new position from where it could go on to perform its magic.'"

Robinson Meyer at The Atlantic portrays the Green New Deal as "a leftist resurrection of federal industrial policy."

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