David Frum on the Republican Crack-Up: Hoisted from the Archives from 5.5 Years Ago

Must-Read: Macro Advisors is currently at a 2.5%/year real GDP growth rate forecast for the fourth quarter of 2015, a 1.5%/year tracking estimate for the third quarter of 2015, 3.9% for the second quarter, and 0.6% for the first quarter. That's 2.1% for the year--that's not an economic growth rate that would make anyone think that inflationary pressures are building in the mantle underneath even though they are not visible anywhere in the crust:

Macro Advisors: GDP Tracking:

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