My view of the U.S. economic policy often depends on whether I’m writing about absolute levels of laissez-faire or relative levels of laissez-faire.
But if I’m writing about relative levels of economic liberty, I often turn into a jingoistic, pro-American flag-waver.
And because of the relationship between policy and prosperity, this means that Americans tend to have much higher living standards than their counterparts in other nations. Even when compared to people in other developed countries.
(Which is why it’s so disappointing that many American politicians want to make…
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