Bad Ideas Flourish Because They Are In

Default Is Not In Our Stars, But In Ourselves.

Sometimes Economists In Official Positions Give Bad Advice; Sometimes They Give Very, Very Bad Advice; And Sometimes They Work At The Oecd.

There Is No Economic Policy. That's Really Important To Say. The General Modus Operandi Of The Bushies Is That They Don't Make Policies To Deal With Problems. They Use Problems To Justify Things They Wanted To Do Anyway. So There Is No Policy To Deal With The Lack Of Jobs. There Really Isn't Even A Policy To Deal With Terrorism. It's All About How Can We Spin What's Happening Out There To Do What We Want To Do.

Wealthy Individuals Bought Themselves A Radical Right Party, Believing - Correctly - That It Would Cut Their Taxes And Remove Regulations, But Failed To Realize That Eventually The Craziness Would Take On A Life Of Its Own, And That The Monster They Created Would Turn On Its Creators As Well As The Little People.

I Predict That In The Years Ahead Enron, Not Sept. 11, Will Come To Be Seen As The Greater Turning Point In U.s. Society.