Wednesday, June 1, 2011

Tasty Snark from Yglesias

Robert Lucas Argues That Barack Obama Is The Most Important Leader In American History | ThinkProgress: "I’d been dimly aware of Robert Lucas’ argument (PDF) that the Great Recession can be explained without reference to such petty concepts as aggregate demand, but until I read Gavyn Davies’ summary and critique I didn’t understand that thinking of it as an essay about the economy is a mistake. This is an essay about Barack Obama and how contrary to conventional wisdom he’s far and away the most significant policymaker in the history of the republic."

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