Economics

Output per worker increased by almost 300% between 1950 and 2018 in the U.S. The standard American workweek, meanwhile, has remained unchanged, at about 40 hours.

This paradox is especially notable in the U.S., where the average work year is 1,767 hours compared with 1,354 in Germany, a difference largely due to Americans’ lack of vacation time.

Some

Economists are the ultimate permissive parents who believe in just letting the kids (markets) run free and see what happens.

Children need boundaries, or they grow up to be assholes.

Economies need boundaries, or they grow up to be assholes.

We aren’t talking Soviet Style planned economies here. We are talking guardrails, so we don’t take a corner at