Remember: Just because an idea is old doesn't mean it's good.
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Horse archery was an amazing method of warfare for over a thousand years...then people invented guns, and suddenly this great idea that had stood the test of time became obsolete.
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Then again, when underlying conditions don't change much, tried-and-true approaches are probably better.
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"Learning the lessons of history" usually just means assuming ergodicity and stationarity in an informal time-series model... (end)
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End of conversation
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Like mass migration of low skill workers with low education ? It might of been good idea in 1800s but not so much now.
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At some point in time... and this is not that time, a new Constitutional Convention will be required to refine a 'more perfect union', that was forged with the ideas of Freedom, and... Individual Responsibility.
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Economists talking complexity is heresy.
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