Sunday, May 15, 2011

Quote Of The Day

From Paul Krugman's New York Times editorial of a few days ago, summarizing the debate over austerity and deficit spending in a few sentences:
The fact is that what we’re experiencing right now is a top-down disaster. The policies that got us into this mess weren’t responses to public demand. They were, with few exceptions, policies championed by small groups of influential people — in many cases, the same people now lecturing the rest of us on the need to get serious. And by trying to shift the blame to the general populace, elites are ducking some much-needed reflection on their own catastrophic mistakes.

The Unwisdom Of Elites
I've been avoiding quoting the Times recently, because their on again/off again policy of requiring that we pay for articles after having read a certain number in a given month strikes me as nutty. Who keeps track of that stuff? Still, this one's probably worth reading all the way through.

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