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
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- What the Middle Ages can tell us about the GOP's big charity myth
- Why is the Pentagon stuffing caves in Norway full of tanks?
- 43 TV shows to watch in 2014
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- How to be the most productive person in your office — and still get home by 5:30 p.m.
- Let us now praise Billy Joel
- Did the media get Ferguson wrong?
- 3 horrific inaccuracies in Homeland's depiction of Islamabad
- 10 self-sabotaging interview mistakes to avoid
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