This is the first of what will be an occasional series of posts pointing out something that should be obvious, but has been long forgotten by mainstream macroeconomics.
Interesting. Great example of the 2nd of Thomas Sowell's "3 Questions" one should always ask about policy: compared to what, at what cost, and what's your evidence. How come no one else talks about this particular issue, that WHAT your work is matters, not just THAT you are working? Thanks for this thought-provoking post, in plain language.
Interesting. Great example of the 2nd of Thomas Sowell's "3 Questions" one should always ask about policy: compared to what, at what cost, and what's your evidence. How come no one else talks about this particular issue, that WHAT your work is matters, not just THAT you are working? Thanks for this thought-provoking post, in plain language.