Charming editorial from the NYT.
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An excuse to post this:
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Neither a correlation nor a credible causation are presented and Tyler Cowan continues his death-spiral into elitism disguised as hipster pronouncement.
Because in the past it took a war to create the political will to rebuild infrastructure, that means that the political will to rebuild infrastructure is bad? How did that work out in the 2000s? We both had a bloody war and no political will to rebuild infrastructure. Kakistocracy is not the answer to our political stalemate and kakinomics should not be promoted as a real school of economics.
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