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Tuesday, August 30, 2016

Clinton Economist Trusts Government Too Much

https://www.bloomberg.com/view/articles/2016-08-29/heather-boushey-clinton-economist-trusts-government-too-much

From the Cowen essay:
This is a thoughtful and intelligent book, but for my taste Boushey holds too much faith in mandated and centralized solutions.
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Boushey doesn’t estimate or indicate the expense of her proposed mandatory benefits, although she does suggest on page 1 that the cost would be “very small.” She is developing a new kind of supply-side economics, this time on the left, but like her right-wing counterparts she is running the risk of excess optimism about how much her suggested improvements will boost productivity in the system.
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The most plausible response to these criticisms is that individual Americans cannot be trusted to make good decisions for themselves, and I am afraid that is the view being swept under the carpet here.
At a blog post, though, Cowen does seem to note an important positive:
She is also the chief economist for Hillary Clinton’s transition team, and I would trust her with nuclear weapons.

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