Dumb Headline of the Day, #3,775

RCP shows: "Smart Stimulus Will Fix Unemployment - John Nichols, The Nation."

I haven't read the story, and I don't need to. Even apart from its being published in a Progressive rag, the idea of a "smart stimulus" is close enough to a contradiction in terms to qualify for my money.

If you doubt that, read Thomas Wood's superb essay The Forgotten Depression of 1920. I know you don't doubt that, but go read it anyway. It's one of the best articles I've ever seen on why government fiscal or monetary stimuli are correctly described as stimulunacy.