This book considers many questions of economic policy.
For example:
- why Keynesians are right that
aggregate demand stabilization is crucial,
but wrong to think that discretionary policy
is the best way to achieve it.
- Government debt could be good or could be bad,
depending on what it is used for and how it
will be paid back.
- Greedy lenders caused the mortgage crisis,
but that greed alone cannot explain why lenders
would carelessly lend heedless of the
prospects for repayment.
- Concentrated economic power is a problem,
but there is risk that government policy
ostensibly exercised to benefit the powerless
can in fact be twisted to further enrich the rich.
- Even when we know the best economic policy,
there is a problem if the political system
rewards candidates who support narrow-interest
policies more than general-interest policies.
- This book offers strategies to improve our
dysfunctional presidential nomination system and
uncompetitive congressional elections
Click on these links for:
note: The page numbers mentioned on this page refer to
a page in the book where that particular link is mentioned
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