In which one of Ronald Reagan’s primary economic advisors comes off as an unbelievable dumbass, and a guy named Peter Shiff looks like a genius.
Hey, Laffer, you dumbass - thanks for the laff! Have you paid that penny to Shiff yet? (via Althouse and Instapundit)
UPDATE: Shiff says The Lightbringer will bring on a Depression.


Do you think the economy might go pear shaped faster than anyone’s expecting? I think if the upcoming black friday is seriously bad, that could be the trigger for a general meltdown.