August 9, 2005

Quote of the Day (080905)

Filed under: Economy, Quotes, Etc. of the Day — TBlumer @ 12:53 pm

From Willisms.com, as he reviews inflation and the historically low level of the misery index (sum of inflation plus the unemployment rate):

Inflation is low, unemployment is low, GDP growth is consistent and strong. It’s time to start calling B.S. on people still bad-mouthing the economy. Just call B.S. Just call B.S. and leave it at that. The evidence is too one-sidedly staggering anymore to pretend like there’s even a debate to be had.

BizzyBlog being the careful person that he is, I would characterize myself as cautiously optimistic. But I’m a lot closer to “Mr. Willism” than I am to the histrionics (regularly fisked here) of Master of Economic Disaster Paul Krugman.

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