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Dismissing Disagreement (16) Paul Krugman
“The essential things to teach students are still the insights of Hume and Ricardo. That is, we need to teach them that trade deficits are self-correcting and that the benefits of trade do not depend on a country having an absolute advantage over its rivals. If we can teach undergraduates to wince when they hear someone talk about ‘competitiveness,’ we will have done our nation a great service.”Return to the Commons
Our latest Compass Point is by James M. Roberts, long-time research fellow at the Heritage Foundation and co-editor of their Index of Economic Freedom, reflecting on his experience in the conservative establishment and the perils of a political movement running on autopilot. “Conservatives are fond of warning that a government program, once established, never dies,” […]
The rebuttal delivered by Jon Lovitz’s Michael Dukakis, in his debate with Dana Carvey’s George H. W. Bush, is one of Saturday Night Live’s most famous political punchlines: “I can’t believe I’m losing to this guy.” The New York City audience went nuts—neither could they believe Dukakis was losing to Bush. But, of course, the […]