Thursday, August 30, 2007

Can he really be that ignorant? Can he really be that thoughtless?

by Ken Houghton


This has been another MU version of "Simple Answers to Simple Questions."

The longer answer is that he's thoughtless and ignorant as a fox: he wants another tax cut.

The even longer answer, which I don't have the time or opportunity to research right now, is:
How many real economists have ever gone from arguing that everything is perfect to arguing for a 75bp rate cut in less than three months, especially if GDP for the previous quarter was 4% annually? And, if the answer is not the null set, were any of them ever correct?

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