Thursday, May 5, 2011

Intellectual Barbarians at the Gate

How long will Republicans be able to get away with the economic nonsense they are spouting? One fears that it will be too long. I for one will have no joy when the public finally awakes and votes the bastards out. By then it will be too late for many ordinary Americans.

It's embarrassing how many economists who ought to know better continue to spout partisan nonsense--that they knew to be nonsense when they were making policy themselves. Taylor, Mankiw, et al. are intellectually bankrupt practictioners who serve a political ideology rather than economic science.

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