David Andolfatto - who previously received so much criticism for pointing out that a particular Congressmen didn't know much about monetary economics - has a sequel post outlining how that Congressmen doesn't know much about monetary policy. It's very polite and clear, and hopefully shouldn't garner quite the same reaction from the crowd that swoons over the word "pinhead" but is happy to hurl around terms like "statist" and "fascist".
A lingering question... is "pinhead" more or less appropriate than "joker"? I just want to make sure I know when it's OK to "speak truth to power" and when it's not OK.
The Sloppiness Syndrome
1 hour ago