National Review/George Leef/9-21-2022
“Throughout the Covid crisis, the world heard very little from the economics profession. Economists love to find fault with governmental policies, but few of them questioned the extreme dirigisme of the way the U.S. and most other governments reacted to events. Few warned that we would suffer from high inflation as a result of spending binges and locking down of much economic activity.”
USAGOLD note: A scathing review of the economics profession – too little, too late, too often. In the end, it does matter if we fail to get good guidance from those who are supposedly in the know.
Related: The economists self-censored and inflation is the result, Bhattacharya and Packalen, Brownstone Institute, 9/21/2022
