Our economy suffers from experts without experience. Milton Friedman, one of the twentieth century's great economists, knew the economy in part because he had worked in it. He scooped ice cream in his parents parlor and sold fireworks at a road stand. He waited tables for a meal during the Depression and hatched door-to-door schemes as a scholarship student at Rutgers. Read my column @ Human Events on how economists who haven't worked in the economy tout theories that don't work.

And for those who dare to lead, it’s unfortunate for this country in this era that we are ruled predominantly by Ivy Leaguers who are typically not expected to do much of anything but to graduate to some kind of public service job.

There is no real world experience and as they have been cocooned in a world where their only associations are professors and like minded colleagues with similar non-work ethics, they become further removed from and unable to relate to the people they purport to represent.