Being an economist must be the most amusing job in the world. It's a laugh a minute. So many foolish pretensions, so many claptrap theories, so much pomposity and vanity…
We used to enjoy reading Thomas L. Friedman in The New York Times. Whenever he wrote about anything even remotely connected to economics we were assured a good chuckle. But he's moved on to geo-politics. Israel this… Palestine that… It's probably just as funny, but it's not our field. The only thing we know about the subject is that it shouldn't exist.
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How to Cure an Economic Depression
“As recently as two years ago, anyone predicting the current state of affairs (not only is unemployment disastrously high, but most forecasts say that it will stay very high for years) would have been dismissed as a crazy alarmist.�
That was Paul Krugman in today's newspaper. Thomas Friedman is fixing problems in the Middle East, so we'll have to make do with Krugman to entertain us on economic matters.
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