Anyone who has ever debated the economy with conservatives knows that it's a tough slog. Anyone who argues with them online has heard all the usual silly conservative retorts: "You're just jealous!" "Get a job!" "Get out into the real world!!"

What I find so amazing in all of this is their constant assertion that only they, only conservatives, really understand the economy, when it's absolutely clear that they don't. Not in the slightest. Especially in the most essential sense of how capital formation happens, where it happens, and what that means.