Frank's Musings

David Brooks’ essay in the 7/17/2025 NYT wrongly advocated the approaches of FDR and Reagan for  reviving the U.S. economy.  The comparative  advantage of the US economy is withering away despite the multitude and expansion of government institutions (credit  DOGE at least for targeting the right problem). The private sector is America’s strength; and the government can best stimulate its growth by providing speculative finance to encourage innovation.

Filtering tax revenue to  startup ventures will sometimes fail; but ultimately it will result in world-leading economic and technological development. The government’s primary function is to ensure that the resulting wealth is shared equitably among all taxpayers.  Washington should act merely as their agent and subsequently guarantee their fair reward.

Sincerely,

Frank A. Ocwieja