The Big Con

I subscribe to and read the Washington Monthly magazine and would highly recommend it as well. The latest issue includes a review of a new book by Jonathan Chait (a senior editor at the New Republic magazine), titled "The Big Con: The True Story fo How Washington Got Hoodwinked and Hijacked by Crackpot Economics." The review features the following quote from the book:
“American politics has been hijacked by a tiny coterie of right-wing economic extremists, some of them ideological zealots, others merely greedy, a few of them possibly insane… The scope of their triumph is breathtaking. Over the course of the last three decades, they have moved from the right-wing fringe to the commanding heights of the national agenda.”

Welcome to the party, Jonathan. I couldn't agree more, though I have to note that some of us have been saying exactly this for almost thirty years now. Nice to know that eventually a few of the Washinton elite get to see the light. Too bad it took so long. My own summary has always been that anyone who ever thought "supply-side" economics, inverting the progressive tax, and unleashing economic anarchy (the unregulated marketplace) was and is either mentally challenged or consciously evil. What's really too bad is that no amount of brilliant books and/or arguments will derrail this "Big Con." We are stuck with it now, until it crashes, which it always does. I'm just trying to do my best to hang around long enough to be here when that happens. Meanwhile, God help us all.