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Soviet Navel Gazing

Yet another economist craps all over the “old ideas:”

Finally, a New Republic article by Peter Orzsag, former Obama Administration Director of the Office of Management and Budget and now Vice Chairman of Global Banking at Citigroup, calls for more reliance upon “automatic policies and depoliticized commissions” because “we need to counter the gridlock of our political institutions by making them a bit less democratic.”

Sure Peter. I sure hate it when citizens demand accountability via their representatives. Do you think we should be more like China? I’d say, let’s be more like Switzerland and Germany. Of course, any legitimate economist reading this sees the absurd assumption in Orzsag’s claims – that automatic policies are necessarily better than the alternatives. That sure sounds scientific to me. Who, I dare ask, is the ideologue? We already have automatic spending and tax changes, at least that’s what Peter’s colleagues taught me when I took macro three different times.

One Response to “Soviet Navel Gazing”

  1. Speedmaster says:

    The hubris is these people knows few bounds.

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