PrestoPundit

“WE DON’T LOOK TO ARSONISTS

Posted by PrestoPundit on 07/23/2008

to help put out fires but we do look to politicians to help solve financial crises that they played a major role in creating.” — Thomas Sowell

It’s not uncommon to find out that an arsonist is also a firemen, which serves as an informative parallel to the careers of most macroeconomists working today. What we have among macroeconomists is a group of professionals who were there lighting the fire of the Fed created artificial boom, folks who are now eager to rush to our rescue now that they’ve set the house of our economy in flames.  The difference between macroeconomists and arsonist/firemen is that arsonists/firemen understand a lot about how fires work, e.g. how to start them and how to bring them to an end.  Macroeconomists, not so much.

But there are exceptions.

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