"If you want evidence of the intellectual bankruptcy present in much economic 'thinking', look to the comments made by Swedish medal modelers Krugman and Stiglitz, in which the bursting of a credit bubble, which was the end result of a deliberate decades long effort by Congress, to expand speculation in credit via a very wide variety of direct and indirect subsidies, is described as the result of 'anti-regulatory' behavior.
Folks, when a fat man who has been gorging for 30 years splits his pants, after he reaches 450 pounds, the fact that he didn't special order his pants seams to be stitched with filament designed to haul in a 25 foot marlin, doesn't make it accurate to say that poor wardrobe decisions are what bared his ass."
Not sure if congress is really public enemy number one in this mess (though they're on the "Wanted" list), but the point is still well taken.
