Why America’s economic policy muddle matters

Financial Times/Adam Tooze/6-2-2023

“There is none of [Dutch economist Jan ] Tinbergen’s unified technocratic intelligence here. Nor should one dignify this mess by reference to the wisdom of the 18th-century founders and the principle of the division of powers. The kaleidoscope is driven by the twisted logic of a profoundly divided society and a polarised political class.

USAGOLD note: The invisible hand that played such a large role in building the modern economy is slowly but surely being paralyzed by Washington bureaucrats. Highly recommended reading……