We Have A Lot Of Evidence On

Governments Do Not Necessarily Act In The National Interest, Especially When Making Detailed Microeconomic Interventions. Instead, They Are Influenced By Interest Group Pressures. The Kinds Of Interventions That New Trade Theory Suggests Can Raise National Income Will Typically Raise The Welfare Of Small, Fortunate Groups By Large Amounts, While Imposing Costs On Larger, More Diffuse Groups.

The Federal Government Is Basically An Insurance Company With An Army.

For Decades The G.o.p. Has Won Elections By Appealing To Social And Racial Divisions, Only To Turn After Each Victory To Deregulation And Tax Cuts For The Wealthy — A Process That Reached Its Epitome When George W. Bush Won Re-election By Posing As America's Defender Against Gay Married Terrorists, Then Announced That He Had A Mandate To Privatize Social Security.

When The Fed Decides That Inflation Is Too High, They Have The Tools, And They've Shown Historically That They Have The Will, To Bring It Down. And, It Might Be Painful.

The French, Unfortunately, Actually Believe What They Say, And That Has Been Very Destructive.