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Economic Engineering


Here’s a metaphor for how I see the economic debate in the current election:

Imagine the economy is a bridge. The bridge has begun to groan and sway. Two engineers have proposed plans to strengthen the bridge.

The first engineer believes that more traffic moving faster over the bridge is the best solution. The second engineer proposes cutting away some of the bridge’s supports.

Obviously, neither one will fix the bridge. And either one will almost certainly bring it closer to failure.