Best Line I've Read in a While
By Arnold Kling
comes from a book review of Richard Parker’s biography of John Kenneth Galbraith.
LBJ threw away one of his drafts for a speech with the remark: ‘Did y’ever think, Ken, that making a speech on economics is a lot like pissing down your leg? It seems hot to you, but it never does to anyone else’
Read Skidelsky’s entire piece, which also appears in the latest Journal of Economic Literature.