[ale] OT: <Slashback> Kerry's policies will depress US Economy

[Jim Philips]

On Thursday 14 October 2004 09:25 pm, John Wells wrote:
> http://slashdot.org/article.pl?sid=04/10/14/2359231&tid=167&tid=1
>
> Highlight:
> ----
> Warring academics , never pretty. DAldredge writes with news of another
> side to the economic debate in academia over the plans of this year's two
> leading presidential candidates, pointing to this "statement Wednesday by
> 368 economists, including six Nobel laureates: Gary Becker, James
> Buchanan, Milton Friedman, Robert Lucas, Robert Mundell, and -- the winner
> of this year's Nobel Prize in Economics -- Edward C. Prescott. The
> economists warned that Sen. Kerry's policies 'would, over time, inhibit
> capital formation, depress productivity growth, and make the United States
> less competitive internationally. The end result would be lower U.S.
> employment and real wage growth.'"

Well, I'm sure you could find an equal number of Nobel laureates in economics 
who would say just the opposite. That's what's so great about economics. 
Which leads to the saying:

"If all the economists in the world were laid end to end...it might be a good 
thing."