Quiggin on Posner

Folks, a good simple read from Joghn Quiggin on how Richard Posner, leader of the Law and Economics cheer squad for the Republicans has changed his mind. Quiggin writes, "Posner is one of a small minority on the intellectual right who have responded to the economic crisis by changing their view of the world, rather than by finding more and more absurd defenses of the indefensible." Reminiscent of the line attributed to Keynes "When the facts change, I change my mind. What do you do, sir?"