Chart of the Day: Conservative Economists

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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.

DEMOCRACY DOES NOT EXIST...

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily bluster—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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