Breakfast in America: March 30, 2012

End of the week links:

  • This would be the dumbest thing I heard this week, but people who still quote Hayek approvingly are excluded from that competition because otherwise they would win every week. The article begins with the consistently quoted, yet entirely untrue claim that the Obama administration ever promised unemployment under 8% (in a preliminary memo one official projected 8% unemployment based on the assumed scope of the crisis they were inheriting — upon taking office, they revised the number upward) and concludes with the empirically denied claim that the stimulus has failed instead of staving off a depression.

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