Leno-nomics

Russell Roberts at Cafe Hayek wishes that Jay Leno would correct his guest on economics:

I wish Jay Leno had pointed out that the cut in hours was the result of passing the minimum wage--that it was as inevitable as gravity. I wish he'd said that the story showed how the minimum wage is a false promise of prosperity. I wish he'd pointed out that fighting isn't enough, caring isn't enough, that prosperity can't be legislated any more than self-interest can be made illegal. I wish Jay Leno had said that when you find yourself in a hole, the first thing to do is to stop digging.

I'm not holding my breath, but I would still recommend this clip. Senator Clinton does pretty well. I'm not sure she joked her way out of Tuszlagate, but she comes across as very likable and intelligent. I howl at her economic failings and her ability to blame President Bush every time someone's dry cleaning is late. But if I were her Chief Strategist I would call this one a win.

But I am not her chief strategist (though I hear there's an opening), so I will point out my least favorite line: "We borrow money from the Chinese to buy oil from the Saudis, which is not exactly a smart strategy."

Hat-tip: Greg Mankiw

Dem2008 Primary Posted by jk at April 7, 2008 4:01 PM