U.S. Factory Activity Booms

[Vogon_Glory]

4. They don't. It's increasingly clear that these self-appointed champions of

capitalism are mostly economic illiterates.

I admit that this realization was a shock. I remember right-wing chest-thumpers claiming that”lefties” (is anyone to the left of Ronald Reagan) didn’t understand how the markets worked and they knew what they were doing.(And once upon a time I believed them). I honest-to-gosh thought these guys spent as much time studying economics as I thought they did running their businesses (Yeah, I have high standards. I thought these guys lived up to them. My mistake).

I began to be disabused even while Daddy Bush was in office and was completely disabused by the end of the Former Guy’s term of office. These guys are not just illiterates, but they’re ignoramuses unwilling To observe and tidy the real world to see what’s what.