Zombies! Run For Your Lives!

By Jonathan Chait

The Weekly Standard has a cover package about how President Obama drove the economy in the ditch. One of the stories, which I discussed yesterday, is premised entirely on ignoring economic forecasts from early 2009. The other article is Matthew Continetti’s article, "The Zombie Economy," which is a kind of neoclassical argument that the economy needs to be totally purged, but Obama is intervening to support politically-connected business that ought to be allowed to die. "The zombie economy," he writes, "is filled with unproductive entities that exist only through government life support." … Read More>>

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