Not Exactly Shocked Over Here

For the 1000th time: Economic theory is just that. It is theory. As my macroeconomics professor once intoned, economists usually conceive people as little economic beings, maximizing their utility and doing little else. “Reality,” as another prof said, is a “special case.” Globalization was a terrific theory. If it’s cheaper to manufacture in China, forContinue reading “Not Exactly Shocked Over Here”

***Letters to the Editor***

“The Voice of The People can be Summarized  as the Reader’s Digest Version of the TV Guide, with a jigger of Supermarket Tabloid, and two  shots of Pornography.” —Vernon Nashe McNair, 1983. 4-28-20 Dear Sir/Madame, It took decades, but finally a U.S. President said something more stupid than my “trees cause pollution” line.    IContinue reading “***Letters to the Editor***”