Saturday, March 27, 2010

Why do we listen to someone who missed the Health Care bubble?

Which is what we will be saying about Dean Baker in a year or two. How did Dean Baker miss the debt bubble (Steve Keen), how did Dean Baker miss the government too small bubble ( Galbraith) How did Dean Baker miss the energy shortages (Jim Hamilton). the unregulation bubble (Krugman), the technology revolution (me), the Reagan/Bush Bubble (Obama).

Dean misses the health care bubble because he is hired to pretend some favorite programs are efficient, while the favorite programs of other groups are inefficient, he talks with a political point of view.

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