Mohamed A. El-Erian: “more holistic response is needed.”

Economic policy seems like a patchwork to satisfy special interests.  I understand trade-offs must be made but if the goal is efficiency, then minimal interference from government is needed.    Examples: instead of an income tax and payroll tax, how about one tax that is low and broad?  Eliminate all trade protection and subsidies.

He’s on the right track, though there is lots of room for debate on the details. Here.

The Ryan roadmap looks better and better. Beep beep.

Peter J. Boettke of George Mason University leading an Austrian revival and Spreading Hayek, Spurning Keynes.


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