What he has never said, and what I attempted, I thought, to appropriately mock yesterday, was the idea that there are magic solutions, that you can put forward a proposal to cut the price at the pump in half on a piece of paper with a couple of magic beans.
Economists Carmen Reinhart and Ken Rogoff triggered a vigorous round of naysaying earlier this year when they released a paper suggesting a government debt-to-gross domestic product ratio of 90% is a magic threshold beyond which debt can stifle economic growth.