Thursday, January 17, 2008

Just for Future Reference

Larry Kudlow at NRO:
...I believe stocks are a key barometer of our nation’s health and wealth...
By which he means, of course, capital's wealth and wealth. And then, even better...
Reagan, of course, slashed tax rates on producers...
By which he means, of course, that Reagan slashed rates on appropriators. To call them producers is to turn "the barometer of our nation's health and wealth" into the very measure of its "health and wealth," and I'm assuming Kudlow doesn't want to go that far--a barometer is a predictive measure, not an index of the amount of weather.

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