Procrastination on August 8, 2017

Should-Read: This by the 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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