Ben Herb Stein, Hank Paulson and Goldman’s culpability

Ben Stein wasn’t all wrong about Goldman Sachs. Yeah, the “humble hypothesis” in his NYT column on Sunday that Goldman economist Jan Hatzius’s bearish stance on the housing market “was a device to help along the goal of success at bearish trades in this sector and in the market generally” was typical half-baked Steinian nonsense. [...]