Ken Houghton is talkin' about his generation.
Pete Davis, Mark Thoma (who at least has the decency to phrase it in the form of a question), N. Gregory Mankiw, and Brad DeLong explain why there should not be any penalties against providers of West Virginia water (h/t Bitch).
Because fungible is fungible, even if it isn't.
At least Garth Brazelton at Reviving Economics gets it right, leaving hope that when we're all dead, the next generation will know how to teach economics so that they're not looked at as if they're insane.
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