The Long Run Is Here

People count money at Macy’s Herald Square on Black Friday in 2015. (Andrew Kelly/Reuters)
And it kind of stinks.

NRPLUS MEMBER ARTICLE J ohn Maynard Keynes, progressives’ favorite economist, famously observed: “In the long run, we are all dead.” Lord Keynes had the good sense to die in 1946, when the credibility of his policy thinking was at its height. The rest of us are left to meditate on a proverb dear to Milton Friedman, conservatives’ favorite economist: “There is no such thing as a free lunch.”

The future is now, and it is not entirely satisfactory. The long run kind of stinks.

Here is a guide for predicting the future: The future is going to look a lot like the present, and the few

To Read the Full Story

Something to Consider

If you enjoyed this article, we have a proposition for you: Join NRPLUS. Members get all of our content on the site including the digital magazine and archives, no paywalls or content meters, an advertising-minimal experience, and unique access to our writers and editors (through conference calls, social media groups, and more). And importantly, NRPLUS members help keep NR going.

If you enjoyed this article and want to see more premium content like this, we have a proposition for you: Join NRPLUS.

 

Become a Member

Recommended

The Latest