Sunday, March 1, 2009

Obama: You Know What The US Really Needs? A Market Intervention That Spectacularly Collapsed In Europe Last Week

From Mere Rhetoric:

These tools have been resentfully stewing for the last eight years, dreaming of the time when they'd get to correct all of the Bush administration's oh-so-ideological missteps. Their understanding of history begins in 2001. Their understanding of sophistication is "whatever's popular in Europe." And now that they're in power, the fact that they were always a little bit pathetic and silly about the whole thing is beside the point.

Seriously: how inadequate is your understanding of political economy when Vladamir Putin has to explain the dangers of statist centralization to you?

Go read the whole thing here.