I have nothing to say about the valedictory remarks of Christina Romer, the departing chair of President Obama’s Council of Economic Advisors:
She had no idea how bad the economic collapse would be. She still doesn’t understand exactly why it was so bad. The response to the collapse was inadequate. And she doesn’t have much of an idea about how to fix things.
What she did have was a binder full of scary descriptions and warnings, offered with a perma-smile and singsong delivery: “Terrible recession. . . . Incredibly searing. . . . Dramatically below trend. . . . Suffering terribly. . . . Risk of making high unemployment permanent. . . . Economic nightmare.”
Satire herself (as Trotsky wrote in another context somewhere in his History of the Russian Revolution) stands mute.
YOU MIGHT ALSO LIKE
Ethics of Rhetoric in Times of War
What we say matters. And the way we say it matters. This is especially true in times…
How the State Failed Noelia Castillo
On March 26, Noelia Castillo, a twenty-five-year-old Spanish woman, was killed by her doctors at her own…
The Mind’s Profane and Sacred Loves
The teachers you have make all the difference in your life. That they happened to come into…
