[Bon mots]

Stiglitz’s first bestseller after winning the Nobel Prize was a diatribe against Reagan.

His whole idea in “Globalism and its Discontents” was that everything was Reagans fault because he did not regulate enough. Interestingly enough he wrote this after 8 years of Clinton and after having served on Clinton’s cabinet.

This was sort of like the manager at the supermarket who had the job for 8 years blaming a spill in aisle 3 on the guy who ran the place 8 years ago. As a member of the Clinton cabinet, he had ample time to regulate us to prosperity.

Stiglitz is an ass.

[depressed in 06]

“[T]he success of [Apple and Google], and indeed the viability of our entire economy, depends heavily on a well-performing public sector. There are creative entrepreneurs all over the world. What makes a difference. . . is the government.”

Funny, I heard DumBO say the same thing over the weekend, only, not as eloquent.