July 9, 2010
Mark Thoma's Response
July 9, 2010
Morning Libertarian Rant
July 8, 2010
An Assignment for Mark Thoma
July 8, 2010
Policy Focus
July 8, 2010
Lebron and State Taxes
July 8, 2010
Monetary Doubtbook, Installment 5
July 8, 2010
Laffer on Unemployment Insurance
July 8, 2010
Cryonics and the Hanson Family
July 8, 2010
Unchecked and Unbalanced


It does not take much to predict that Washington will not be able to reign in their spending. Interest rates must rise resulting in a real mess and a bad economy for generations. On the other hand, if Washington performs a miracle and controls spending, the austere outcome will create a recession/depression that will last for at least the next 10 years. The second option is much better but neither is anything to look forward to.
Nifty idea. Would you be open to reporting what your own answers were?
When I read the headline, what I actually saw was:
"Cats Herded"
I do, however, agree that economists typically understand the role of government spending and private labor unions better than the average citizen...even if that statement is a tad bit elitist.