John Cochrane is a really, really smart economist. Here, (here for pdf) he explains why recent pronouncements at the G-20 meetings from our Tax-Cheat-In-Chief, Timothy Geithner, are amazingly idiotic.
In an earlier EconoBlast post (here), I explained why blaming the Chinese is pretty much just a diversionary tactic. I also observed here that Geithner is not to be taken seriously.
Yet, after all, he does have a duty to be a team player for BHO and crew, right? It is disappointing, though, that a well-trained economist like Geithner can't find it within himself to speak the economic truth. Never mind. We do have John Cochrane to help us out.