An economist looks at populism











Economist Brian Wesbury's comments in the editorial page of today's Wall Street Journal describe the current condition better than anything we have seen lately.

His analysis reveals that we must be careful in our choices. While it is easy to follow a path towards dismay, the most important point he makes is a positive one: thanks to the dawning of what he calls "Internet Time," it is less likely for bad policy to continue for as long, when its consequences "become visible almost in real time, creating real political pain."

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