OUCH. Talking smack at Cafe Hayek.

It's astonishing how prevalent is the view that economies are "run" by people pulling levers -- or should be, or could be, run by people pulling levers. This misconception is the economics equivalent of the belief that the earth is flat, or that volcanoes won't erupt if they are fed a sufficient number of virgins.

Appropriately for St. Patrick's Day, there appears to be a drunken brawl in the comments area.