Magazine February 6, 2017, Issue

Let Us Now Praise Homemakers

(De Agostini/Biblioteca Ambrosiana/Getty Images)<
Attempts to make them get jobs are wrongheaded

President Trump is likely to pursue broad changes in economic policy, as well he should. Since the start of the economic recovery in mid 2009, the U.S. economy has been growing at a tepid average annual rate of 2.1 percent. By contrast, at a similar point in the expansions following the recessions of 1981–82 and 1990–91, the economy had grown at average annual rates of 4.5 and 3.6 percent.

The primary focus of President Trump’s efforts — at least the ones likely to generate the most added growth — are a steep cut in the corporate tax rate, the replacement of

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Robert Stein is an economist for an asset-management firm and a former deputy assistant Treasury secretary for macroeconomic analysis.

In This Issue



Books, Arts & Manners


Politics & Policy


Against Big-Government Conservatism Samuel R. Staley argues for a permanent revolving-loan bank (“The Infrastructure Bank We Need,” December 31). Staley conditions his proposal on the bank’s being “properly designed and constrained,” ...
Politics & Policy

The Week

‐ So there were no left-wing Puerto Rican transsexual terrorists in federal prison? ‐ Representative John Lewis (D., Ga.) announced that he would skip Donald Trump’s inauguration: “I don’t see this ...
Politics & Policy


AT THE CHAPEL OF THE PINK SISTERS The crosses on the convent roofs Gleam sharply as the sun comes up. — Wallace Stevens, “Botanist on Alp (No. 2)” The March wind blows past the ...


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