Wise Men and Women in Government?

     

Steve Forbes, on Forbes.com,  wrote a piece of basic economics for the laymen, which I repeat here, for the public to learn and remember.

                                

The media does a poor educational job, but Mr. Forbes sums up a bit of education.

                     

Mr. Forbes reflects on the erroneous supposition that there are always ”wise” men around who try but fail to manipulate economic problems and fine-tune the necessary financial remedies necessary to mitigate and rectify them. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)