Solving Symptoms with National Strategic Agenda

No Labels, a bi-partisan group of politicians and interested parties, has developed and is heavily promoting a National Strategic Agenda as the key to America’s future. The idea is to get to the core and solve the big problems. It is at least plausible, removing partisanship from politics by focusing Continue Reading →

What Is the Real Goal

The objective of national economic policy is primarily the growth of Gross Domestic Product (GDP), assuming that higher GDP translates to well-being of the population. There is some benefit of knowing where a nation stands in relation to its past and to other nations, but promoting the growth of GDP Continue Reading →

Predictive Capability of Economics

The predictive capability of economics is widely criticized, and for good reason. The profession has proven its inability to anticipate important economic events. Most economists, even those with recognizable names and Nobel prizes, were blindsided by the severe downturn in the economy a few years ago, were surprised by the Continue Reading →

The History of Economic Policy-Making

We, the human race, have made great progress over thousands of years because we have come to understand cause and effect. We have learned to control systems, sometimes with extreme precision. Some industrial products have tolerances measured in millionths of an inch. An understanding of cause and effect allows us Continue Reading →