Brad DeLong is beating his head against the wall – perpetually, it seems. This time the pounding comes as he reports that the Economist finally recognizes what has been obvious all along: the Bush Administration is “stupid, short-sighted, parochial and economically illiterate”.

Sometimes we’re all a little slow on the up-take, but in this case The Economist had the evidence and their own analysis back in their March 9-15 ’02 issue when they had this to say about the new steel tariffs:

"so wrong it makes other kinds of wealth-destroying intervention feel inadequate."