Pragmatism or Perdition (J. Bradford DeLong, Project-Syndicate)

It is almost impossible to assess the progress of the United States economy over the past four decades without feeling disappointed. From the perspective of the typical American, nearly one-third of the country’s productive potential has been thrown away on spending that adds nothing to real wealth or destroyed by the 2008 financial crisis.

http://www.project-syndicate.org/commentary/pragmatism-over-ideology-for-us-economy-by-j--bradford-delong-2016-02