So says Paul Krugman…
Limited time this morning, so light blogging. But I can’t resist posting this. Jonathan Chait finds James K. Glassman, co-author of “Dow 36,000″ — a 1999 book that argued, based on some creative double-counting and other innovations, that 36,000 was the right value of the Dow at the time of publication — claiming that this week’s Dow high vindicates his ideas. But that’s not what’s so perfect.
No, what caught my eye was where Glassman went on the strength of his bold prediction. And the answer is, he’s the Founding Executive Director of the George W. Bush Institute.