Monday, December 29, 2008

Brad DeLong on Bush

DeLong pretty well nails it:
A Word from the Soon to Be Ex-President

from Grasping Reality with Both Hands: Economist Brad DeLong's Fair, Balanced, and Reality-Based Semi-Daily Journal by Brad DeLong

George W. Bush:

  • Think Progress: BUSH; Well, I have obviously made a decision to make sure the economy doesn’t collapse. I’ve abandoned free market principles to save the free market system. I think when people review what’s taken place in the last six months, uh, and put it all in one, in one, (sigh), you know, in one package, they’re realize how significantly we have moved...

Or realize how wrong Bush and his sycophants were in the first place.

If adhering to free market principles leads to an economic collapse, perhaps free market principles aren't a good idea? The old-style Keynesians had a name for something that was a good idea: the mixed economy.

Stupidest man alive.

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