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I think the take away was that you need to give citizens the freedom to meet each other's needs instead of forcing top down solutions, make it easy to start bus
by bsbechtel 11y ago
I think the take away was that you need to give citizens the freedom to meet each other's needs instead of forcing top down solutions, make it easy to start businesses, and don't protect entrenched interests (e.g., tax cuts and regulations that protect current industry). I may be remembering that through a lens of my own political leanings, but what I learned in that class helped shape those political leanings as well.
- tormeh 11y agoI seem to remember that stable institutions are the most important. Infrastructure, policing, that kind of thing.
- bsbechtel 11y agoYes, I think you're right on those as well. I remember stable macroeconomic policies being a big one too. We went through some fairly convincing studies showing how damaging hyperinflation and unserviceable government debt can be to an economy.
- tormeh 11y agoMy point was that, as long as the politics are fairly conventional, the quality of execution of policies are orders of magnitude more important than whether those policies lean left or right.