The Sydney Morning Herald disgraced itself today (July 28, 2011) with two very poor articles about the current debt debate in the US. The ratio of articles on the “conservative-do-not-know-what-the-economics-is-about” side of the debate to the alternative is infinite. There is no progressive commentary at all. Two articles today – Clever money haunts the US and Drowning in red ink – reveal how easy it is to call yourself an expert and get people to listen to you. They are full of misrepresentations, misunderstandings and plain factual errors.