John Hood says we shouldn’t fix broken things, because we could buy new things instead of fixing broken things which still stimulates the economy, but just in a different way. Got all that?
Of course, hasn’t Hood always encouraged restrained government spending in the name of opportunity cost budgeting? Well, no.
However, if his column doesn’t make sense, it doesn’t matter. You’re just supposed to think he’s smart because he cites Keynes and Bastiat.
Blather available here
Erik Sorenson fears a class war that the rich won’t win. Even though he does frown on a $37,000 toilet, he’s frightened that $100,000 in salary just isn’t enough. I wonder what the janitors at MSNBC made when he led the company.
Comfort poor little rich boy here