Politics & Economics

Symphony of Creative Destruction

March 22, 2016 by Mark Pulliam

You wouldn’t think a Hawaiian vacation would offer a Texan lessons about economic change, comparative advantage, and creative destruction—but my trip to Maui did.

Of course, my wife and I may have been in relaxation mode, but we still tuned in to the Republican primary debates. (We both take this election very seriously.) The one in Detroit, you may recall—the 11th one, believe it or not—featured familiar questions from the Fox News panelists and canned non-responses from the candidates.

Chris Wallace focused on the jobs question. He asked: “What specifically would you do to bring manufacturing jobs back to America and train residents of cities like Detroit to do those jobs?”

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