Yes, we do indeed have an opportunity to point to our politicians and laugh once again. As will be the ghost of Bastiat.

Ol' Adam gets a mention over here. Slightly odd choice of quote though, what happened to the "propensity to truck and barter"?

It's always immensely satisfying to read a bit of Polly bashing.

An interesting point perhaps showing that Ricardian Equivalence doesn't in fact equate.

Will wonders never cease? A churchman who grasps economic points?

Well, why didn't economists spot what was happening?

And finally, arrogant, abstruse, over-technical, long, unsnappy, demanding, confusing, complicated, excessively lengthy, long-winded, but don't worry, that's Just Willem.