Ron Bailey's Reply to Robert Gordon's Pessimistic Outlook on U.S. Growth Prospects
Last month, Ron Bailey wrote an article for Reason that carefully summarized Northwestern University economist Robert Gordon’s (strong) case for pessimism about U.S. economic growth prospects in the medium-term before offering his own case for optimism. I liked it in part because it presents the issues so fairly and judiciously that one could come away from it agreeing with Gordon rather than Bailey, though my instincts are with Bailey. Indeed, Bailey is so good at distilling complex issues that I wish he had a much bigger platform. Though he writes primarily for an opinion magazine, he’d be a credit to a notionally objective media institution.