Look: I am eager to learn stuff I don't know--which requires actively courting and posting smart disagreement.

But as you will understand, I don't like to post things that mischaracterize and are aimed to mislead.

-- Brad Delong

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Saturday, January 30, 2010

Big GDP Whoop!

Wow! 5.7% growth!

Oh, wait a minute.  It's an inventory blip.  Drat.

Mish provides quite a bit of relevant information.

Alas, though, he can't resist saying this at the end:

It is a mistake to believe government spending can possibly provide a solid foundation for a lasting recovery.

This might be my favorite bit of nakedly-asserted right wing/glibertarian dogma.

I'm not sure when Mish was born, but he evidently missed 1938 through 1980, before supply side economics started the demise of the American economy.
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