Buzzwords Won't Save the American Economy

The first question to ask when considering a “broad-based economy” is why people are focusing on it. We have declining life expectancy in the US, a rise in “deaths of despair” such as opioid overdoses, rising income inequality, a declining middle class, and the civic collapse of many former industrial cities. These are problems that need to be addressed. And the traditional market-based solutions we classify under the label “free trade” haven’t succeeded. Undoubtedly, we need more “entrepreneurship” and “competition,” as Samuel Gregg says in his lead essay, but more buzzwords are unlikely to get the job done. Read Full Article »