links for 2009-11-28
Have I Ever Said That I Am Very Envious of This Weblog's Name?

More on American Enterprise Institute Quality, and Kevin Hassett and James Glassman's "Dow 36000"

In comments, John rescues the honor of Princeton's Burton Malkiel by pointing out where Kevin Hassett and James Glassman's claim that Malkiel had called their book "a well-written treatise that cannot be dismissed..." actually came from:

When Allan Meltzer Ceased Being a Real Economist...: John said...

Thanks for posting that photo. I am getting a kick out of reading those blurbs and the use of ellipses.

Burton Malkiel's blurb says: "Dow 36,000 is a provocative and well-written treatise that cannot be dismissed...."

What Burton Malkiel actually said: "Dow 36,000 is a provocative and well-written treatise that cannot be dismissed as easily as many of its critics have suggested. But what is at stake here is much more important than a debate among economists. This is a book with the goal of giving investment advice. For this reason I believe Dow 36,000 is a dangerous book that may lead some investors who can ill afford the significant risks of equity investments to throw caution to the wind."

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