Ignorant of Economics and Everything Else

I still remember late 2008, sitting around the kitchen table talking about the prospects of having a Democrat President when my sibling from New York exclaimed “you have to admit that he’s a really smart man!”

I was startled.

I said “A deep voice and the ability to read from a teleprompter are insufficient to conclude anything about one’s intellect.”

Well, it appears that the truth is emerging… some observations from Division of Labor:

I’ve been saying for some time that Barack Obama is the most economically ignorant president since Zachary Taylor, but I increasingly fear I’ve been doing the general a disservice. It’s not just erroneous economics, but sheer ignorance of markets and economics.

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