Dick Armey on Harvard Economics

Okay, this has got to be one of the goofiest comments from a major political figure in recent weeks:

"I don�t consider Larry Summers a serious economist," [Dick] Armey said. �You can get a Ph.D. from Harvard without ever having seriously considered the subject.� (Source).

If Dick Armey wants to criticize Larry Summers or the economic policy of the Obama administration, there is no shortage of ammunition and easy targets. But saying that Larry is not a serious economist, or that a PhD from one of world's preeminent economics departments doesn't mean much, makes Mr Armey look more than a tad ridiculous.