We had witch trials into the 18th century. To this day, tens of thousands of people are killed throughout the world each year, accused of the witchcraft that caused someone's misfortune.

We think we're more modern than that today but that question of who to blame stays with us. When it comes to prosperity issues, something I'd call villainomics is pretty common.

The big question of villainomics is who to blame; do we blame our woes on bankers or Jews, immigrants or bureaucrats? Find that group and reduce their number and then things will magically improve.

It is possible to win at the game of politics with villainomics. It is impossible to win at the game of economic progress with villainomics.