Jacob Hacker On "American Amnesia" And The Importance Of Government In The Economy

For much of the 20th century, private and public enterprises worked as both partners and adversaries to drive economic growth in our country. But in recent years, the balance within this so-called “mixed economy” has shifted away from public investment and regulation. Today, the term “Big Government” is widely considered a pejorative – despite the role public institutions have historically played in laying the foundation for social development and prosperity.