Playing the Indian Card

Monday, September 17, 2012

Probably True

"when economies are recessing, they are healing themselves. The greater the downturn the greater the recovery, and that’s the case because the greater the downturn, the more the healing that is occurring. If Obama had sat back and done nothing upon arrival in Washington, he would today be presiding over a nice recovery. And then if he’d sat back and done nothing while adopting Reagan/Clinton dollar policies, he’d be presiding over the kind of boom that would have him on the verge of a Reagan style victory circa 1984."
--Jude Wanniski, Forbes.

The more I see and read of the history of economics, the more I think that economists have generally done more harm than good. Which argues for good old laissez-faire.

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