(HT David Henderson) Leaving for work now and only part way through it. It is a charade, as many on here expected. Rep. Clay was presented as takng cheap shots at DiLorenzo, but upon actually hearing him I think he did a great job. Not only did he criticize DiLorenzo's own work, but he also took on the methodological peculiarities of the Austrian school. The conclusion was beautiful: "I don't know why you were asked to testify but I do know I don't have any questions for you".
I know I'm going to sound like a knee-jerk liberal here, but I was actually pleasantly surprised by Josh Bivens. I haven't always been impressed by EPI economists, and this guy (like the other two) doesn't do much work in monetary economics. His testimony, though, demonstrated a good grasp of the issues. There are economists out there that would have been better than all three of these, but he did alright.
This is all quite disappointing - not an impressive start for Rep. Paul.