Are you getting as sick of hearing from these guys as I am? The worst thing to come out of each of these debates is the realization that one of these men is going to be our next President, and that’s downright scary. When they’re not attacking each other, they’re spouting nonsense.
Anyway, here’s an economist’s summary of the last debate:
The debate was truly awful. The financial crisis was caused by greed (McCain) and deregulation (Obama). We need energy independence. Our priority is to do everything at once (McCain). We will cut spending by spending more (Obama). We can create jobs.
Let me ignore the rest, and focus on jobs. We can create jobs by getting rid of computers and going back to carbon paper for communication and paper and pencil for arithmetic. We can create jobs by getting rid of electric motors and going back to human power to run factories. As long as wants are unlimited, you don’t need to create jobs.
If the candidates were out to correct economic ignorance instead of pandering to it, the debate would not resemble last night’s in any way. There was no winner. Only losers.
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