HispanicPundit + history + brentonwoods   4

Brink Lindsey on postwar growth: Making the case for dirigisme.
I don't have a big problem with those policies (though certainly it's hard to be so blasé about financial deregulation writ large) but note that none of them relate to aspects of postwar state capitalism that Lindsey attributed the growth miracle to. Brining price competition to the passenger aviation and interstate trucking industries didn't require us to start scaling back investments in infrastructure and human capital. Indeed, the thrust of Lindsey's initial analysis is that massive government-directed investments in education, transportation, and communications infrastructure are so amazingly beneficial that they swamp the negative impact of other bad aspects of our 1950s and 1960s policy paradigm.
sidebar  yglesias  lindsey  cato  infrastructure  history  brentonwoods 
november 2012 by HispanicPundit
The Future: Back to the Past
So let’s ask: how long did a typical American worker have to toil in 1956 to buy a particular sort of good compared to how long a similarly typical American worker today must toil to buy that same (or similar) sort of good? Here are four familiar items: refrigerator-freezers; kitchen ranges; televisions; and automatic washers.
middleclass  brentonwoods  history  wages  standardofliving  boudreaux  sidebar 
november 2012 by HispanicPundit
Keeping America's Edge > Publications > National Affairs
American economic policy in the wake of World War II was developed by a generation of statesmen who dealt themselves a great hand of cards, and then played it brilliantly. It is hard to exaggerate the strength of America's competitive position in the world economy in September 1945: The United States accounted for an absolute majority of all global manufacturing output, had the world's most technologically advanced economy with ample supplies of natural resources, and could protect this state of affairs with an essentially invincible military that possessed a nuclear monopoly. Most of the rest of the world was in ruins, pre-industrial, or under the control of communist regimes that smothered economic initiative.
brentonwoods  usa  history  economic-growth  conservatives  liberals  nationalaffairs  manzi  sidebar 
august 2011 by HispanicPundit
Why I Don't Believe in the American People - NYTimes.com
What’s also notable in this figure is the invisibility of all the supposed economic miracles we hear about. Saint Reagan was supposed to have revitalized the economy; can’t see it here. All you can really see is that the 60s were very good, and the recent slump has been very, very bad.
brentonwoods  economic-growth  usa  history  krugman  sidebar 
june 2011 by HispanicPundit

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