Demonomics
I am not sure whether “Demonomics” is Demon Economics or Democrat Economics. It is probably a distinction without a difference as some of the recent comments by leading Democrats defy logic. I have to wonder how these people not only got as far as they did, but stay in positions of power. Perhaps the biggest example has been how the Democrats have been hawking another extension of Unemployment Compensation payments. House Speaker Nancy Pelosi postulated that,
“It injects demand into the economy. It creates jobs faster than almost any other initiative you can name.”
was an infamous economist from France. Bastiat was infamous because he was able to show the fallacies behind many government and false economic policies and he often did it with humor. One of my favorite tactics that he uses is to take an economic argument to the extreme to expose the fallacy. I have used this to “silence” the naïve. I love it when they finally “get it.”