Re: What Obama doesn’t get about economics

When I read the title of George’s post, I thought he was just going to post a graphic, like this:

Sowell Basic Economics

Which would have sufficed but would not have achieved the worthy service of passing along Sheldon Richman’s column today.

As to the title topic, the Hill blog today opens with a very telling admission by the president:

President Obama said reporters praise his economic proposals as “great” and tell him they are “all good ideas.”

Obama made the remarks in a speech Wednesday in Galesburg, Ill., focused on the economy.

So … reporters praise your economic proposals. People whose profession is journalism are the ones pronouncing your economic proposals great. Members of the reflexively and reliably leftist Washington press corps are your guide for knowing if your economic proposals are all good ideas. …

picard problem


Jon Sanders / Director of Regulatory Studies

Jon Sanders studies regulatory policy, a veritable kudzu of invasive government and unintended consequences. As director of regulatory studies at the John Locke Foundation, Jo...

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