One source of economic dysfunction in the United States is that it appears to be the case that the Wall Street Journal’s audience of well-to-do businessmen prefer to read an editorial page that flatters their egos rather than one that provides credible commentary on economic issues. One side consequence of this is that the WSJ editorial page is always full of puzzling scare-quotes:
Larry Summers, who would later become Mr. Obama’s chief economic adviser, made the case for such a stimulus to boost domestic “demand” in late 2007.
Is the concept of supply and demand really so controversial?
(h/t)
Previous in TP Yglesias
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