(Because of a technical malfunction that crashed this site on April 4, and took down every post and comment after March 14, the following has been re-posted. It was originally written March 31, 2008.)
One of the great privileges to being a member of the Tuesday Morning Group is getting e-mails from the coalition’s leader, John Taylor, president of both the Virginia Institute for Public Policy and Tertium Quids.
John is fond of sending out the brief, but soaring with wit and wisdom letters to the editor of Dr. Don Boudreaux, chairman of the George Mason University Department of Economics, the same econ department that Rush Limbaugh guest host and noted economist Dr. Walter E. Williams calls home. Dr. Boudreaux also is one of the forces behind the free market blog extraordinary Cafe Hayek. One gets more economic insight in one of Dr. Boudreaux’s one paragraph letters than in any amount of political speechifying. Today’s epistle is yet another example. Here it is in its entirety:
27 March 2008 Editor, The Wall Street Journal
200 Liberty Street
New York, NY 10281
To the Editor:
You report that “Hillary Clinton said she fears the U.S. is slipping into a Japanese-style economic malaise that will overwhelm the Federal Reserve’s considerable powers” (“Clinton Fears Japan-Style Malaise,” March 27). Sounds scary.
But how scared would you be if such fears were expressed instead by, say, your veterinarian or your proctologist? Because these specialists in their respective fields have no expertise at diagnosing the economy, you’d have good reason to take their economic concerns with a grain of salt. And so it should be, but doubly so, with Sen. Clinton’s economic pronouncements. Not only has she no expertise in economics, but as her recent sniper-fire whopper reveals, Sen. Clinton’s own specialty - the dark art of politics – requires of its practitioners an unusual propensity to lie and dissemble. Almost all that she and her ilk say should be treated with even less respect than would be accorded a professional circus-clown’s speculations about string theory.