Tag Archives: economic policy

Barney Frank weighs in with the dead hand of government

Barney Frank initially wanted to strike up a grand bargain with the capitalist economy. Now he wants to wave the dead hand. There is a thing as market failure. Barney ignores that there is government failure. Moreover the Massachusetts congressman overlooks the fact that the Federal Reserve Bank, with its easy money (a goal long supported by Democrats)contributed significantly to…

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Deval’s economic bet on biotech

Governor Deval Patrick’s proposed $1 billion biotech package embodies an economic bet. It assumes that state government can successfully pull the levers of industrial policy; that state government, better than private investors, can pick winners. Will it work? What will happen if it doesn’t work? What happens if California becomes the ultimate destination? These are among the hard questions few…

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