Pandering to economists
It’s too bad the presidential candidates don’t pander to economists, said N. Gregory Mankiw in The New York Times. If they did, they would be touting free trade, bashing farm subsidies, standing up for oil speculators, hiking gasoline taxes, and raising the retirement age. They also might try inviting more skilled immigrants into the country, liberalizing drug policy in the interest of personal freedom, and, for good measure, they could throw in some money for economic research. Those policies won’t buy the candidates many votes with other special interest groups, but it will certainly rally economists behind them.
Bear markets: The long-term investor’s best friend
Plenty of people are panicking as they watch stocks dive, said Jason Zweig in The Wall Street Journal, and yanking money from the market. “But if you are still in your saving and investing years, a bear market is a gift from the financial gods.” It lets you buy stocks on the cheap, and maximize your returns when the market bounces back. And the longer the bear lasts, “the better off you will be. Instead of running from the bear, you should embrace him."
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- After Ferguson: Stop deferring to the cops
- Ferguson riots were terrible — but this racist reaction was worse
- The hilarious hypocrisy of Republicans complaining about the imperial presidency
- 43 TV shows to watch in 2014
- Is it now OK to have sex with animals?
- Don't argue about politics this Thanksgiving. Just don't.
- The slippery slope of Twitter's attempts to stop harassment against women
- Hey, scolds: Stop telling us to enjoy a healthy Thanksgiving
- In Ferguson, Michael Brown lost his life — and America's police lost the benefit of the doubt
- How to be the most productive person in your office — and still get home by 5:30 p.m.
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