Economics of Contempt Is Very Unhappy This Morning...
Jeebus!
EOC:
Economics of Contempt: Mind-Boggling Nonsense from John Cochrane: After reading John Taylor and John Cochrane's analyses of Lehman's failure, I'm beginning to understand how it's possible for economists to say that "we're still arguing about the causes of the Great Depression." It's generally hard to come to an agreement when one side simply lies, or refuses to acknowledge undeniable facts…
