People have been wondering about the impact on the election, but what about the blogosphere?
I predict a small sprinkling of bloggers making pretty responsible distinctions between stocks and flows, GDP and economic well being, and life below full employment and life at full employment.
This will be followed by a storm surge of ten times as many bloggers (call it "the multiplier effect") botching up Bastiat and linking to old Krugman posts that they don't understand either.
The most basic form of redistribution
8 hours ago