Sunday, February 14, 2010

"But economists!!"

From the start, Obama has flouted the notion that he has "Economists" backing him up and all of you people just have your political ideologies.There are two things wrong with this:

(1) Just because someone is an economist doesn't mean he isn't an ideologue! There are plenty of economists who want socialism, not because it will make the best economy, but because of their "ideological" motives. But in spite of that...

(2) Anyone who knows the most basic axioms of economics knows that, in principle, there simply cannot be "many economists" who agree with his policies.

He may well be basing his ideas on "what economists say": but who these economists are matters a great deal. You can't say, "Oh, but an economist said so!" and be let off the hook.

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