New Yorker: The War on Economics.

May 16, 2022

Yet we’re not close to consensus on central questions of economic statecraft. Can the cycle of booms, bubbles, and busts be moderated? How much money can a welfare state redistribute to the poor without encouraging dependency? Economists, for all their hardcore mathematizing, still disagree with one another on basic issues. Which raises a question: Was it a mistake to entrust them with public policy in the first place?