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How Smart Are We?

Bartemis Wrote: Jul 30, 2010 12:17 AM

"...Alan S. Blinder, a Princeton professor and former vice chairman of the Fed, and Mark Zandi, chief economist at Moody’s Analytics..." What a HOOT! A liberal economist and a guy who works for Moody's, the credit rating agency that declared bundles of triple B mortgage bonds to be triple A grade, launching us on the kamikaze path to financial ruin (see Mark Lewis' "The Big Short" and read his evaluation of the folks at Moody's). Yeah, you can trust that analysis.

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How Smart Are We?

Many of the wonderful-sounding ideas that have been tried as government policies have failed disastrously. Because so few people bother to study history, often the same ideas and policies have been tried again, either in another country or in the same country at a later time-- and with the same disastrous results.

One of the ideas that has proved to be almost impervious to evidence is the idea that wise and far-sighted people need to take control and plan economic and social policies so that there will be a rational and just order, rather than chaos resulting from things being allowed to...

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