For some reason, people think I know about economics. I kind of do. Mostly, it is just that I read really smart people like Dean Baker. The group Econ4 (4 people, 4 the planet, 4 the future) is attacking the problem of our national crisis in economic thinking. Here is their video. It pretty much is completely in line with the way the economy really does work. It’s 12 minutes long. It’s well worth that time.
The video strikes a blow against all the bad guys, but it also attacks President Obama. Everyone knows that the President is not perfect. This is a good example of important places where the President has been dead wrong. It doesn’t mean he’s a bad guy. If we force him, he will do that right thing.