Is it a victory lap when the stands are empty?
July 28, 2009 1 Comment
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!