The opening scene of The West Wing last night seemed eerily familiar to a scene from any day at PFF. In the scene, and the rest of the episode, President Bartlett was speaking of Schumpeterian virtues. The fictitious president quoted creative destruction and the long-run value added through short-run losses in a free market system. The Schumpeter reference was all the more poignant after Ray's blog the other day. It's nice to see that the icons of Austrian economics are finally reaching a broader audience than just think tankers and academics.