David writes an important
piece on how the technocrats have tried to treat our economy (and society) like a machine that they 'run'. This machine model of reality, shorn of all emotions, fears, morals or complex human behavior is failing the market test. He gently mocks the technocrat's pompous certainty, perfectly embodied in Obama's superior smirk. His money graf:
It all makes one doubt the wizardry of the economic surgeons and appreciate the old wisdom of common sense: simple regulations, low debt, high savings, hard work, few distortions. You don’t have to be a genius to come up with an economic policy like that.
You just need to be conservative. Read the whole thing.
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