[Rohirrim]

Originally Posted by pricejj

Neither the author, nor the OP, understand basic economics.

But you do.

Here, compare your curriculum vitae to his:

Josh Barro is an expert on tax policy, entitlements and public employee compensation. He is a contributor to Forbes.com, where he writes the popular blog “The Barrometer.” From 2010-2012 he was the Walter B. Wriston Fellow at the Manhattan Institute. He is the author of several previous Civic Reports and issue briefs focusing on state and local fiscal issues. He is also the co-author of the Empire Center for New York State Policy’s Blueprint for a Better Budget.

Barro is a frequent television, radio, and print commentator on fiscal and economic issues. He is a regular contributor to National Review Online and has also written for publications including the New York Post, the New York Daily News, the Washington Examiner, National Review, and City Journal. Prior to joining the Manhattan Institute, Barro served as a staff economist at the Tax Foundation and worked as a commercial real estate finance analyst for Wells Fargo Bank. Barro holds an A.B. from Harvard College.