Bob Lucas is interviewed in the Journal.
In it he refers to his speculation that ObamaCare is holding back the US economy and Ed Prescott’s work on Europe. The writer Holman Jenkins, pens this
For the best explanation of what happened in Europe and Japan, he points to research by fellow Nobelist Ed Prescott. In Europe, governments typically commandeer 50% of GDP. The burden to pay for all this largess falls on workers in the form of high marginal tax rates, and in particular on married women who might otherwise think of going to work as second earners in their households. “The welfare state is so expensive, it just breaks the link between work effort and what you get out of it, your living standard,” says Mr. Lucas. “And it’s really hurting them.”
When you read this its really hard to know what was said. And, I don’t actually know…
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Utopia, you are standing in it! 
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