Scientism: The New Road To Serfdom Revisited, Part 2

Approximately 50 years ago Richard Nixon said something to the effect that “we are all Keynesians now”. Alas, well he should have. The now sainted (and recently departed) former industrial labor economist, George Shultz, had just gotten him to discard decades of GOP balanced budget orthodoxy in favor of “full-employment budgeting”. The latter established the […]