Robert 3rd Reich is just a political hack who calls himself an economist. He's probably has all of the educational degrees to back up his claim that he is economist but he's wrong every single time he opens his mouth.
You would think that after how 9/11 devastated NYC that even to nutjob left wouldn't give him the time of day. But they're all nutjobs, common sense, logic and reason are not qualities found in the left.