politics will become the dominant means of allocating financial wealth in this country
We’re in a race to see whether politics will become the dominant means of allocating financial wealth in this country. That could be the single biggest domestic issue today, but too few economists are speaking up about it.
That’s Tyler Cowen. http://www.marginalrevolution.com/marginalrevolution/2008/12/one-ray-of-ligh.html
I really think that by improving the quality of their information on some of these assets, wealth can be allocated not through politics but through markets.