Can Congress Learn to Love a 3:1:1 Deal for Growth?: Ezra Klein
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June 9 (Bloomberg) -- Economist David Autor recentlyintroduced me to a delightfully depressing concept: “now-more-than-everism.” Credit for the coinage goes to Larry Summers,the former U.S. Treasury secretary who is also former directorof the National Economic Council, but anyone who followspolitics will recognize the premise.
“Here’s how it works,” Autor wrote in an e-mail. “1. Youhave a set of policies that you favor at all times and under allcircumstances, e.g., cut taxes, remove regulations, drill-baby-drill, etc. 2. You see a problem that needs fixing (e.g., theeconomy stinks). 3. You say, ‘We need to enact my favoredpolicies now more than ever.’”