I Think Stockman Is An Interesting Sort

Debt Is One Person's Liability, But Another Person's Asset.

As An Economics Professor I Am By Nature Inclined To The View That The Truth Isn't Out There, It's In Here - That Usually You Learn A Lot More By Thinking Really Hard About The Data Than You Do By Sniffing Around For Supposedly Inside Information.

If We Discovered That, You Know, Space Aliens Were Planning To Attack And We Needed A Massive Buildup To Counter The Space Alien Threat And Really Inflation And Budget Deficits Took Secondary Place To That, This Slump Would Be Over In 18 Months. ... There Was A Twilight Zone Episode Like This In Which Scientists Fake An Alien Threat In Order To Achieve World Peace. Well, This Time, We Don't Need It, We Need It In Order To Get Some Fiscal Stimulus.

Surely I'm Not The Only Person To Ask The Obvious Question: How Different, Really, Is Mr. Madoff's Tale From The Story Of The Investment Industry As A Whole?

The Party Of Ideas Has Become The Party Of Beavis And Butthead.