Bad Money
21st April 2008
Tyler Cowan is not impressed by former-Republican-now-liberal-sellout Kevin Phillips’ new book.
Either the current market estimate of inflation is the best estimate available, or you know that it is wrong and you will be a very rich man. I find the former scenario more plausible.
I have to say I agree with him. Kevin Phillips is the David Brock of the Nixon generation, and his books are bought mostly by Democrats who think that Republicans are on the verge of agreeing with them that America sucks and is headed for the toilet.