Brad DeLong’s scathing analysis of White House economics adviser Larry Lindsey’s ouster. Choice quote:
Today we know that it never crosses the minds of the powers-that-be in the Bush White House that good economic policies might be worth pursuing because good economic policies lead to a stronger economy. To the powers-that-be in the Bush White House, economic policies are way to reward favored groups of constituents. And their effect on the economy? They don’t need to think about no stinking effect of policy on the economy. |
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