Pre-Thanksgiving Reading List!

Sorry, guys, work has been insane so I’ve been behind on my own reading.  But I do think you’ll enjoy these:

Amid all the political and media hysteria, national output has declined by less than one-half of one percent. In fact, it may not have declined even that much — or at all — when the statistics are revised later, as they very often are.

We are not talking about the Great Depression, when output dropped by one-third and unemployment soared to 25 percent.

[...]

Herbert Hoover did what Barack Obama is proposing to do. Hoover raised taxes on high-income people and put restrictions on international trade, in order to try to save American jobs. It didn’t work then and it is not likely to work now.

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Filed under Economist, Holidays, Obama, Reading List, Republican Propaganda, Tech Porn, Uncategorized

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