All Items by Edward Conard
-
FILTER BY POLICY AREAAll Categories
-
-
FILTER BY RELEVANCEMost Recent
-
-
FILTER BY CONTENT TYPEAll Content Types
-
It’s no secret that innovation grows America’s economy. But that growth is constrained in two ways. It is constrained by the amount of properly trained talent, which is needed to produce innovation.
A better chance for success than a balanced budget amendment is to outlaw mandatory spending increases. Congress should be required to debate and vote on all spending increases beyond inflation. Votes would have to be brought forward and compromises made. That won't solve the problem, but it will help on the margin.
Bernanke's efforts have failed to produce a robust recovery and they've underscored the need for lower government spending.
After all, private-sector investment and risk taking, not infrastructure investment, have driven U.S. economic growth over the last two decades, and they will likely continue to do so in the future.
Ed Conard presents a fascinating case for how the US economy works, why the United States has outperformed other countries, what caused the 2007–08 financial crisis, and what improvements might better protect the US economy without damaging growth.
