Tuesday, May 22, 2012

"I don't think they understand the complex foundation upon which their own prosperity rests."

That's a very important point made by economist Glenn Loury. Loury and my mom, Ann Althouse, bemoan the fact that most voters' knowledge of economics is so shallow that not only is Mitt Romney attacked for being successful in business, but Romney doesn't even seem able to defend himself:

On this topic, a must-read is Reihan Salam's "Let Us Now Praise Private Equity."


john marzan said...

mitt romney has 3 chances to defend bain and private equity-- during the presidential debates.

john marzan said...

Romney should say the taxpayers are his boss.