The dreary 21st century

Source: EconLog
by Scott Sumner

“During the final two decades of the 20th century, readers of the financial press were treated to one positive news story after another. Tax reform, immigration reform, deregulation, free trade agreements, investment liberalization, the end of communism, welfare reform, etc., etc. The list goes on and on. I didn’t know it at the time, but I was being spoiled by good news. In the 21st century, progress seems to have come to an almost complete stop, and in areas like housing regulation (NIMBYism), things have gotten far worse. … Sorry if I sound so cynical. But after the 1980s and 1990s, I’m finding this new century to be quite depressing. Even the movies suck.” (09/13/21)