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MSU economist calls an unimaginably awful idea an unimaginably awful idea

by: Eric B.

Tue Feb 04, 2014 at 14:31:11 PM EST


As I've maybe said before, a federal balanced budget idea is a stupid, terrible idea that would tie the needlessly, foolishly tie the hands of government in being flexible in the face of crisis and is based on equal parts ignorance for how the federal government functions, the nature of deficit spending, and how money functions. It is Intelligent Design, climate denier grade stupidity, the sort of thing that appeals to people who objected to learnng abstract concepts while in school but now who fancy themselves experts in absolutely everything because they have a rudimentarily formed opinion. As we've noted, our ongoing experiment in the Dunning-Kruger effect has started to work to give its blessing to this singular act of foolishness, and in the State of the State address our attorney-accountant snorkeling nerd governor said they should go all the way.

I give you Charles Ballard, in language as unequivocal as I've ever seen Charles Ballard us.

Some ideas are good, and some are bad. And then there’s the idea of a balanced-budget amendment to the U.S. Constitution. This idea is so bad, it’s in a category all by itself. A rigid requirement to balance the federal budget can easily turn a recession into a depression.

If he'd described it as "fucking stupid," Charles Ballard would be permanently off the Very Serious Persons bus, because while Very Serious Persons are willing to seriously consider any idea no matter how fucking stupid it is, what they can't abide is for someone to call a fucking stupid idea, "fucking stupid."

Eric B. :: MSU economist calls an unimaginably awful idea an unimaginably awful idea
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