There is, of course, an alternative explanation: Charlie Reese knows nothing about economics. He does not know he knows nothing. That, of course, means Charlie Reese is not only wrong, he is mindless.
People like Reese constantly assert President Bush is dumb. Since they don't know enough to support their arguments with facts, they resort to name calling. How dumb.
This is in addition to Charlie's priceless insights on the Middle East and the Civil War. How this babbling fool got to be so popular on FR is beyond me.