Friday, June 29, 2012

Keen Insight into the Obvious

The ACA decision has the quote (from Mankiw sans comment) regarding economists:

To an economist, perhaps, there is no difference between activity and inactivity; both have measurable economic effects on commerce. But the distinction between doing something and doing nothing would not have been lost on the Framers, who were “practical statesmen,” not metaphysical philosophers.

Brilliant! And so true.....