Debt Is One Person's Liability, But Another

It Should Be Possible To Emphasize To Students That The Level Of Employment Is A Macroeconomic Issue, Depending In The Short Run On Aggregate Demand And Depending In The Long Run On The Natural Rate Of Unemployment, With Microeconomic Policies Like Tariffs Having Little Net Effect. Trade Policy Should Be Debated In Terms Of Its Impact On Efficiency, Not In Terms Of Phoney Numbers About Jobs Created Or Lost.

The Goal In The End Is Not To Win Elections. The Goal Is To Change Society.

Political Figures Who Talk A Lot About Liberty And Freedom Invariably Turn Out To Mean The Freedom To Not Pay Taxes And Discriminate Based On Race; Freedom To Hold Different Ideas And Express Them, Not So Much.

Republican Candidates Had To Appeal To Their Base, Which Is By And Large Elderly White People Arguing With Empty Chairs.

In Short, It's A Great Economy If You're A High-level Corporate Executive Or Someone Who Owns A Lot Of Stock. For Most Other Americans, Economic Growth Is A Spectator Sport.