Weekend Economists: What Goes Up....June 1-3, 2012

[Warpy]

3. I remember them fondly. Lighting their shows

required both earplugs and sound isolation headsets, but what a show they put on!

In the short term, of course, real life blood sweat and tears will be for naught. We're all stuck playing the endgame of theories those of us on the grumbling left said were a bad idea 40 years ago when the GOP wholly converted to Goldwater's way of thinking and the appalling Milton Friedman won a Nobel. I always thought he won it for the density of his prose rather than the soundness of his ideas and the 40 years of monetarist economic theory in practice have proven me and the rest of the grumbling left correct.

While I'd love to see that particular pendulum shoved back to the left in my lifetime, I'm resigned to the probability that I won't. In the meantime, I do have the satisfaction of telling people they got exactly what they voted for unless they're also on the grumbling left.