Fiscal reality check

Yet another definition of madness: The parade of pundits on MSNBC, CNN and Fox News opining (with a straight face) about the "fiscal cliff" negotiations in Washington. None of the usual suspects are economists (they just play them on TV). That means they: (a) have no idea what they're talking about, or (b) are badly parroting authentic policy experts (like Ezra Klein) who do. Remember, just a few weeks ago half of these talking heads were predicting Romney would win the presidency, perhaps in a landslide. Just saying.