British Prime Minister David Cameron Doesn't Know Economics, Where Is the Ridicule?

The NYT reported that British Prime Minister David Cameron was prepared to give a speech in which he would call on households and businesses to pay down their debt rather than spend. This amounts to a gaffe of enormous proportions. It implies that the Prime Minister overseeing one of the world's largest economies has no clue about economics. If households and businesses responded to the prime minister's request, it would further reduce demand leading to a second recession and a further rise i...