John Cochrane on Economic Growth and Changing the Policy Debate
How are those in favor of bigger government and those who want smaller government like a couple stuck in a bad marriage? Economist John Cochrane of Stanford University's Hoover Institution talks with EconTalk host Russ Roberts about how to take a different approach to the standard policy arguments. Cochrane wants to get away from the stale big government/small government arguments which he likens to a couple who have gotten stuck in a rut making the same ineffective arguments over and over. Cochrane argues for a fresh approach to economic policy including applications to growth, taxes and financial regulation.