• masaccio commented on the blog post Economics for Progressives

    2013-02-17 13:28:21View | Delete

    Most college grads think they know this stuff, because they took an intro course and they read the business section of the paper. The consensus view is very difficult to dislodge, because there isn’t anyone whose views they respect who says it’s a failure, or even that we should be asking why it failed and what we need to do to correct its errors. It’s going to take a lot of effort to get past that.

    In the meantime, a lot of people are going to suffer, and the rich will get richer faster.