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Morning Must-Read: David Warsh: Back to Cranks at AEI - Washington Center for Equitable Growth
Wallison… is… a lawyer, with no sense of what constitutes a satisfying economic explanation. What makes him a crank is the affable certainty with which he asserts that a partial truth explains the whole…. Probably not since Wanniski’s The Way the World Works has the gap been so great between a non-economist writing for a think-tank and the relevant community of professionals…. AEI has gone back to cranks…. It will be interesting to watch what happens…
