Watch out. Batten down the hatches. The Buchananites and Perotistas are coming for you.
Standing by for their refutation of this gentleman’s article.
Burton Malkiel: professor of economics at Princeton University, and is a two-time chairman of the economics department there. He served as a member of the Council of Economic Advisers (1975-1977), president of the American Finance Association (1978), and dean of the Yale School of Management (1981-1988).