We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
So, his theory is that intellectuals don't know enough to direct something as complicated as the US Economy and then when talking about the great depression and smoot-hawley two minutes later procedes to tell us how 1000 economist begged them not to pass the bill and were ignored. The implication is that if the Government hadn't ignored them employment would have recovered.