Forty years ago, American politicians claimed that Japanese economic success was due to government economic planning. Unfortunately, the myth of industrial policy never seems to die, no matter how many times it is discredited.
Not satisfied with hamstringing the oil and gas industries, environmentalists now are shutting down farms and production of livestock, all in the name of fighting climate change. But people still need to eat.
Ah yes, the Tea Party. Fifteen years after it was established by followers of Ron Paul, the so-called antiestablishment organization has been co-opted by establishment Republicans. Dale Steinreich is not surprised.