Monday, November 22, 2010

Intellectual dishonesty and the sad trombone

Mike hits one so far out of the park that it can only be compared to an old Comiskey Park roofshot from the likes of Greg Luzinski.

Michael Mandel handed glibertarians some first-class wanking material when he wrote a paper arguing that the real problem with the post-millennium economy has been...drum roll... too much regulation. Of course, common sense tells us that the banking/lending industries were, if anything, almost totally unregulated. But it's hard to dispute the hard facts, which Mr. Mandel happily provides:

Wow! Hard to argue with that. Unless, of course, one bothers to peer a little more deeply into those Dudley & Warren BEA numbers Mandel cites:

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