I Believe That The Only

Friedrich Hayek Is Not An Important Figure In The History Of Macroeconomics.

[i]f You Look At United States History Since World War Ii, You Find That Of The 10 Presidents Who Preceded Barack Obama, Seven Left Office With A Debt Ratio Lower Than When They Came In. Who Were The Three Exceptions? Ronald Reagan And The Two George Bushes.

Outrageous Fiscal Mendacity Is Neither Historically Normal Nor Bipartisan. It’s A Modern Republican Thing.

The Fact Is That The Two Years Or So After 9/11 Were A Terrible Time In America – A Time Of Political Exploitation And Intimidation, Culminating In The Deliberate Misleading Of The Nation Into The Invasion Of Iraq. It’s Probably Worth Pointing Out That I’m Not Saying Anything Now That I Wasn’t Saying In Real Time Back Then, When Bush Had A Sky-high Approval Rating And Any Criticism Was Denounced As Treason. And There’s Nothing I’ve Done In My Life Of Which I’m More Proud.

I Really Think That People Have To Think Safety; Taking Risks For Higher Yield Is A Bad Idea Once You're In Late Or Latish Middle Age.