Two kinds of economists exist in the world: those who know first-hand the inner-workings of the economy and those who theorize about how they think it should work and implement policies that have the opposite effect intended. That is the story of the difference between the Austrian school of economics and Keynesianism. One view is real-world, the other is from an alternate universe (yeah, okay, that was a strawman :] ).
I’m not a big Glenn Beck fan, not so much because of the content (since I too am puzzled by many of the same things presented in his recent “questioning” series), but rather I’m not a fan because of the entertainment/drama meets news thing. Regardless, this was worth posting.