Chart of the Day: Conservative Economists

I’m not sure what to say about this one. Mike Konczal recently surveyed a random selection of conservative economists who had signed a Cato letter opposing the stimulus bill in early 2009 to find out what they were thinking these days. It was totally unscientific and he ended up getting 29 responses. But unscientific or not, it’s enlightening. According to these economists, neither low consumer demand nor an overvalued dollar really has much to do with our economic woes. By far the biggest problem, in their view, was regulatory uncertainty, closely followed by concerns over the budget deficit and Barack Obama’s hostility toward the business community. Seriously. That’s what they think. The mind reels.

Fact:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn’t fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation so we can keep on doing the type of journalism that 2018 demands.

Donate Now