Reading the Obituaries for Economic Lessons
Every day seems to bring another blog that I would like to read on a daily basis, but the Cato Institute’s blog, Cato@Liberty, remains one of the few that I try to read every day. A post today by Chris Edwards, Director of Tax Policy Studies, explains why Cato@Liberty stays atop my list of essential blogs.
Before providing a few highlights from the Post story, Edwards explains where to find “the best place in the newspaper” to learn “how the economy works,” writing:
“In today’s Washington Post the business section has the usual stories about Ben Bernanke’s manipulations, government debt, and regulatory issues. But there is little on the innovation and dynamism that is at the heart of long-run economic growth.
“It is entrepreneurs who create growth, and they are often best covered in the obituary section of the paper. Today the WaPo has a Bloomberg story about the passing of Albert Ueltschi, “who founded aviation-training company FlightSafety in 1951 [and] expanded it into an international powerhouse.”
Edwards ends the post saying, “A final note is that the Washington Post does run some articles on live entrepreneurs, not just deceased ones. For example, Thomas Heath’s column is often very interesting and inspiring.”
If Cato@Liberty isn’t one your favorites, consider adding it.