Is it a victory lap when the stands are empty?

What we said then: This isn’t a free market; it’s monetary central planning; it will all end badly. Study price theory!

What they said then: You’re wrong; you’re wrong; you’re wrong, you crazy extremist doomsayers. All other economists disagree with you.

What we say now: That wasn’t a free market, and that’s why it all ended badly. Stop interfering. Study price theory!

What they say now: No one saw this coming. Economists haven’t a clue. The free market has failed us. We need bigger government!

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One Response to Is it a victory lap when the stands are empty?

  1. KoRee says:

    You put that one right on the money*, couldn’t have said it any better.

    Why is so hard for them to see the contradictions and economic errors? I suppose some are simply repelled by common sense.

    (*fiduciary credit)

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