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posted on 08 November 2017

Documentary Of The Week: What Is Wrong With The American Economy?

Written by

Econintersect: John H. Cochrane, Hoover Institution fellow, says that the American economy’s biggest problem is growth. He offers his solutions in this program hosted by Peter Robinson.

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Cochrane argues that to achieve growth America needs to simplify the tax code and deregulate the economy. He discusses how government agencies must conduct serious, transparent, and retrospective cost-benefit analyses, get rid of special interests, and remove disincentives if they want businesses to flourish. Cochrane notes that the US economy needs more innovation, deep tax reform, and better regulations to unleash growth. When business owners can depend on good policy and not pay for play, they will start and invest in their companies and the economy will expand in Cochrane's view.‚Äč

Source: YouTube

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