What is devastating about them is that they expose the intellectual bankruptcy of his economic principles. Those who look up to him like the second coming of Adam Smith should realize that the neo-Keynesian principles that lead him to advocate aggressive interest-rate cuts and mammoth public spending now, are the very same principles that led him to advocate inducing a housing bubble then.
Great post sickoflibs.
13 posted on 06/22/2009 7:06:30 PM PDT by GOPJ
(Chubby people live longer - by years! Will food police put a tax on tofu and sprouts!)