I did non back upwards Mr. Trump, but at i time that he is our President-elect, I wishing him well.
To my many friends who are at i time freaking out, I encourage yous to stimulate got a deep breath together with calm down. Our political together with economical organization is to a greater extent than robust than yous sometimes laissez passer it credit for being.
Earlier this year, mankiw/files/cea_reflection.pdf">I wrote:
To my many friends who are at i time freaking out, I encourage yous to stimulate got a deep breath together with calm down. Our political together with economical organization is to a greater extent than robust than yous sometimes laissez passer it credit for being.
Earlier this year, mankiw/files/cea_reflection.pdf">I wrote:
People oftentimes inquire me whether it is frustrating to function inwards Washington, noting how difficult it is to larn anything done. Yes, inwards simply about ways, it is. This episode is alone i event where our expert policy (as my White House colleagues together with I saw it) was subverted past times an uncooperative legislature.
Yet, over time, I stimulate got come upwards to appreciate that frustration for those inwards policy jobs is non a põrnikas inwards the organization but rather a feature. The founding fathers, inwards their swell wisdom, built this tension into the system. In high schoolhouse civics classes, it goes past times the cite “checks together with balances.”
A mutual lament is that at that topographic point is likewise much gridlock inwards Washington, together with perhaps at that topographic point is. But imagine that your to the lowest degree favorite candidate wins the adjacent presidential election. Might yous hold upwards grateful when the novel President together with his or her CEA chair transcend away frustrated spell trying to implement their novel ideas for economical policy?
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