10 August 2016

The Real Sources Of Economic Growth

[T]he key drivers of growth are science, education and innovation, not low taxes, lax regulations or greater exploitation of natural resources. And we should be worried, whatever our partisan tilt, that leading conservatives promote an economic model so disconnected from the true sources of prosperity.
From Jacob S. Hacker and Paul Pierson, "The Path to Prosperity is Blue", New York Times (July 30, 2016).

Policy matters, and a misguided conservative understanding of what drives economic growth is a key reason that blue states prosper and while red states lag economically.

1 comment:

Kevin Dickson said...

It should be noted that Jerry Brown's common sense policies are quite successful in California: http://www.newsweek.com/2016/04/22/jerry-brown-saves-california-447559.html