"In a free market, there's going to be good times and bad times," said President George Bush in a speech at the Economic Club of New York on Friday. "That's how markets work. There will be ups and downs."
Is it just me, or does the president frequently sound like he is addressing a class of first graders?
Look at that first paragraph again. What is compelling George W. Bush to feel the need to explain to the ECONOMIC CLUB OF NEW YORK how markets work. That they go up and down. Doesn’t he think that everyone in the room already knows this? That they have known this since, well, probably the first grade.
Also, most first graders know the difference between singular and plural. Between one and many. Could someone on his staff please point out the difference to him?
It’s The Economy, Stupid (AKA Economists)
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[image: It’s The Economy, Stupid (AKA Economists)]
Over ninety-nine percent of economists did not predict the 2008 financial
crisis.
The vast majority of...
1 hour ago
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