McArdle: Forget Optimistic, Budget Predictions are "Insane"

by Benjamin Domenech on 1:00 am March 13, 2009

Our sister publication asks analysts whether the administration’s economic forecasts are too optimistic. They would have gotten a more interesting discussion if their query had been “Is the Pope Catholic?” Of course they’re too optimistic. In fact, the word optimistic is too optimistic. A better choice might have been “insane”.

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