When I first learned in 2009 that Ron Suskind's next book was going to be about the making of a economic policy in the Obama administration, I looked forward to it. Previous books about the making of economic policy had degenerated into unseemly hagiography (cough Robert Woodward's Maestro cough) or...
0 Comments | Posted September 30, 2010 | 7:17 PM
It is said that the early nineteenth-century British economist J.R. McCulloch originated the old joke that the only training a parrot needs to be a passable political economist is one phrase: "supply and demand, supply and demand." Last week, US Federal Reserve Chairman Ben Bernanke said that McCulloch's economics --...
0 Comments | Posted September 25, 2011 | 11:00 PM