Bad Economists vs. Good Economists

There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen.

--Frédéric Bastiat

As the ridiculous Cash for Clunkers program comes to its end, fraught with all its unintended and unforeseen consequences -- it is obvious that this administration only listens to the bad economists. I can only imagine what Bastiat's reaction would have been.....