Shocked by the inexplicable realization that Americans are stubbornly unwilling to bow down and blindly accept the political and economic views of the educated elites in this country, Harvard Professor Gregory Mankiw recently took to the New York Times to pen an oped where he concluded that the only possible reason for the lack of conformity to his point of view is the stupidity and racism of the electorate. An article by Adam Button at
REUTERS/Carlo AllegriThe gap between expert analysis and public opinion seems to be widening by the day.
In the US, there is significant popular support for the policies of Donald Trump which the vast majority of experts regards as questionable, to say the least.
I refuse to assume (contrary to the modern practice) that someone who disagrees with me is either stupid or ill-intentioned or both [OK, I did call people idiots here -- sorry, I was ranting]. Intelligent people of goodwill can disagree with each other, and the world would be a better place if more people embraced that simple notion.
I find it increasingly difficult to keep up with economically stupid proposals.
Commenting on central bank foolishness is a full time job in and of itself. Factor in unions, Keynesian and Monetarist clowns, and I hardly get any sleep. Economic nonsense in France, Spain, and elsewhere in Europe sends the situation over the top.
Just as you can use Taskrabbit to find someone to fix your kitchen cabinets, so too can you find a hacker to perform digital espionage or destruction. Hackers are now offering their services online to the highest bidder, and officials are still scrambling to figure out how best to deal with this mounting cybersecurity issue.
Via Monty Pelerin's World blog, Facts are stubborn things. No matter how hard the Washington crowd tries to sell an economic recovery, inconvenient and contrary facts keep rearing up to shatter their mythmaking. Few people any longer believe the claims of declining unemployment or low inflation at least based on purchases they make.