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AMERICA NEEDS TO UPGRADE ITS ECONOMIC IQ

Public policy in New Jersey and elsewhere is being influenced by poorly informed politicians

by Frank Pallotta

Frank Pallotta, Mahwah resident, is a former Wall Street executive and owner of a specialty finance company Steel Curtain Capital LLC. He also works with American Corporate Partners (ACP), a nonprofit group that helps military veterans transfer back into the workforce.

What passes for basic economic knowledge in American politics today is shocking. There is an alarming and increasing rate of economic ignorance (and deceit) among elected officials, activists and many in the media and it is negatively impacting public policy.

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