Tuesday, July 07, 2009
Re: Economists vs Economists [Mark Steyn]
Veronique, that Robert H. Franks argument is ingenious: The stimulus will work because enough economists are saying it will work that their prestigious postnominal credentials will impress enough of the masses into thinking it will work, which in turn will make it work. I can't wait to see him in The Music Man in summer stock telling the kiddies that if they just think lovely thoughts the band will sound great.
But, if enough pro-stimulus economists predicting the stimulus will work is enough to make it work, why don't the administration just go out and hire actors to play economists on NPR and CNN and whatnot? I mean, who would know the difference? And Newsweek would never check. And who knows? It might stimulate enough unemployed members of Equity that it actually does work . . .
Who knew it was this easy? It's the economists, stupid!
07/07 05:34 PM
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