One Way In Which Americans Have Always

Governments Do Not Necessarily Act In The National Interest, Especially When Making Detailed Microeconomic Interventions. Instead, They Are Influenced By Interest Group Pressures. The Kinds Of Interventions That New Trade Theory Suggests Can Raise National Income Will Typically Raise The Welfare Of Small, Fortunate Groups By Large Amounts, While Imposing Costs On Larger, More Diffuse Groups.

America's Political Landscape Is Infested With Many Zombie Ideas - Beliefs About Policy That Have Been Repeatedly Refuted With Evidence And Analysis But Refuse To Die. The Most Prominent Zombie Is The Insistence That Low Taxes On Rich People Are The Key To Prosperity.

Bad Ideas Flourish Because They Are In The Interest Of Powerful Groups.

The Economic Expansion That Began In 2001, While It Has Been Great For Corporate Profits, Has Yet To Produce Any Significant Gains For Ordinary Working Americans. And Now It Looks As If It Never Will.

Politics Determines Who Has The Power, Not Who Has The Truth.