Hoisted from the Archives: Debt to GDP Ratios and Future Economic Growth

Live from Deseret: The problem with Megan McArdle's analysis here is that John Kasich would odds-on have made the best president of the Republican candidates, and it was worth his staying in in the hope that the donors would act on that and the voters would learn that:

Megan McArdle: The Four Horsemen of the Republican Apocalypse: "We would not be in this situation if Republican primary voters had mostly rationally tried to pursue two goals...

...1) nominate someone as conservative as possible and 2) win the general election. The field would have consolidated around Marco Rubio, and Democrats would now be anxious.... Why didn’t that happen? Blame... Donald Trump.... He’s a celebrity candidate, and celebrity candidates break election models.... Jeb Bush.... His decision to run for president in this cycle has to rank as one of the stupidest political bids of all time simply because his last name is toxic.... Yet somehow, Jeb Bush not only threw his hat in the ring, but also managed to convince Republican donors to come along for the ride.... Chris Christie... should never have stayed in the race as long as he did.... John Kasich... [who] is not a particularly compelling candidate, lacking charm or a strong political base.... What puzzles is his decision to stay in, splitting the establishment vote so that Trump could become the nominee....

Rubio is a charming politician who failed to win many primaries, and shot himself in the foot.... Cruz executed by far the most masterful campaign.... Rubio was a good politician facing impossible odds, as a series of completely irrational decisions by Bush, Christie and Kasich battered him.... If everyone else had been behaving as rationally as these two, I suspect we would not be now looking forward to another six months of Donald Trump speeches. And perhaps then another four years of same.

Her critiques of JEB!! and Christie, however, seem to be things I can agree with...

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