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A while back, I had a chat with a friend of mine who is to the left of me politically.  We were describing various political positions, and she talked about how she did not mind paying taxes so much, as she wrote it off as charity.  I, being a polite fellow on occasion, took the…

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Economists “At The Wheel”

Over on Tough Money Love, I left a comment on a post criticizing the actions of economists lately.  Following is a cleaned-up version of my comment. It is fairly easy to criticize economists for lack of foresight over the past few years.  Relatively few economists saw the housing boom and its ultimate cause and ramifications. …