Bad news for the left keeps piling up

Greg Mankiw on President-elect Obama’s economic advisors:

What would you call a group of economists who are skeptical of regulating mortgage markets, who think unemployment insurance and unions increase unemployment, who say that tax hikes retard economic growth, and who believe that the recovery from the Great Depression was a monetary phenomenon rather than the result of New Deal fiscal policy?

No, it is not a right-wing cabal. It’s Team Obama.

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0 Responses to Bad news for the left keeps piling up

  1. Breda says:

    this is almost as good as punching hippies.