Update (October 14): Dennis Berman has a nice article about last week’s panel discussion, Street’s Demands May Stir Public Wrath, in The Wall Street Journal. It is very similar to this post from Friday. While we lament the lack of intellectual curiosity–or any type of curiousity or self-examination or self-criticism–in our entry, Mr. Berman mentions the possible implications of such obtuseness. Being self-absorbed and self-involved makes it difficult to know when the hoi polloi and politicians have turned against oneself. We like Mr. Berman’s seemingly… Read the rest
Archive for October 10th, 2008
Well, This Is a Fine Mess You've Gotten Us into….
Messrs Paulson, Bernanke, Bush, Reid, and Mrs. Pelosi.
(Edited and slightly revised on 10-11-08)
We’re always deeply suspicious when a politician tells us how he or she is going to “fix the economy.” The best they can do is get out of the way, but unfortunately they rarely do. That’s the sinful, human problem created by that all-too-common combination of hubris and ignorance.
As we mentioned in a previous post, the most honest moment of the current Presidential campaign was an ad in which McCain admits that he doesn’t know much about economics, and it… Read the rest
