I know, I’m as shocked as you are: but that’s what happened. You see, Richard Thaler was trying to push back on the entire steadily-rising gas price thing (four bucks a gallon, if you’re lucky), and so in an op-ed today for the New York Times Thaler authoritatively declared:
Here is a one-item test to see whether you are guilty of cloudy thinking about gas prices: Do you believe that they are something a president can control? Many Americans believe that the answer is yes, but any respectable economist will tell you that the answer is no.
Meet the not-respectable economist Barack Obama:
Continue reading NYT’s Richard Thaler savagely attacks Barack Obama.