Friday, April 21, 2006
The Truth About Economics
Arnold Kling points to a fantastic line from a review of Richard Parker's biography of John Kenneth Galbraith.
PS: In other news, Ramachandra Guha suggests that the noted economist, Amartya Sen, be nominated for the post of President of India. Like Amit Varma, I too second this idea strongly, never mind LBJ.
LBJ threw away one of his drafts for a speech with the remark: ‘Did y’ever think, Ken, that making a speech on economics is a lot like pissing down your leg? It seems hot to you, but it never does to anyone else.’LBJ clearly had a way words. This line ranks right up there with Truman's famous comment about one-handed economists.
PS: In other news, Ramachandra Guha suggests that the noted economist, Amartya Sen, be nominated for the post of President of India. Like Amit Varma, I too second this idea strongly, never mind LBJ.
