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https://www.icloud.com/pages/0ytOBbemlXLZtytkJqlvb_gXw
| 2018-03-21
T
HE
F
ALL
AND
R
ISE
OF
THE
S
MITHIAN
E
CONOMY
Takeaways:
•
Links and References:
J. Bradford DeLong
http://bradford-delong.com
brad.delong@gmail.com
@delong
Abstract:
☉
☿
♀
♁
♂
♃
♄
Body:
I
nfrastructure
…
an opportunity for the administration to tack left? Unlikely.
What will the bill do? First, we do not know, because there has been no policy-
design process
…. [And] w
hat about the shape of the policy we can glean so far
is worse than not encouraging
…. T
he economics of public goods
… [require]
that even when you can make it privately profi table to provide such public
works and public institutions—by granting monopolies—it is destructive of
societal well-being to do so.
Yet Trump's staff have not gotten Adam Smith’s memo about good government.
☉
☿
♀
♁
♂
♃
♄
Weblog:
http://www.bradford-delong.com/2018/02/trumpfrastructure-
project-syndicate.html
Keynote:
https://www.icloud.com/keynote/0IrNvoyDNCe6k7FuDAxsKllFQ
Pages:
https://www.icloud.com/pages/0T3bT42JX6K1UcyTZT0kVUVGg
