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Guest Post: Quite Possibly The Dumbest Thing I’ve Heard An Economist Say

By: capt_nemo in ROUND | Recommend this post (0)
Wed, 18 Jul 12 12:33 AM | 47 view(s)
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To give you an example, I’ve just finished Nobel laureate Joseph Stiglitz’s new book The Price of Inequality in which he writes something that may be the dumbest thing I’ve ever heard from an economist:

“[T]he success of [Apple and Google], and indeed the viability of our entire economy, depends heavily on a well-performing public sector. There are creative entrepreneurs all over the world. What makes a difference. . . is the government.”

http://www.zerohedge.com/news/guest-post-quite-possibly-dumbest-thing-i%E2%80%99ve-heard-economist-say?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.


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