Post Tagged with: "Weimar Germany"

November 10, 2011 04:50

Christina Romer’s Toxic Cookbook

It is this weird combination of childlike belief in the simplicity of the problem (aggregate demand, lack of optimism) and the striking arrogance of the notion that the government can and should control the economy by simply pulling at the right strings hard enough that makes Romer’s article such an illustrative example of the intellectual dead end that is mainstream economics today.