I AM A FUCKING INTELLECTUAL

Behavioral Macro: Reagan’s gone. You’re old. Get over it.

One of the best things I’ve read, ever.

We need to stop revering successful politicians as god-like, and realize that they came up with the proper solutions for a certain situation at a certain time. Even if we accept that Reagan had some special economic insight, that just doesn’t matter, now, in 2012.

markdow:

Sometimes supply-side policies are right and sometimes they’re not. Sometimes Keynesian polices are right, sometimes they’re not. 

Until we approach policies as tools in a toolkit and not as divine scriptures, we are going to be stuck in an ideological logjam, wasting precious time.