Crisis quote of the day
Jacob Sullum has the quote of the day on Reason:
That seems to be the theory underlying the “stimulus” package: We can’t depend on consumers to spend money they don’t have on stuff they don’t need, so the government has to do it for them.
Congress: if you aren’t willing to go broke, we’ll go broke for you.
- Americans Are Saving More… As if Things Weren’t Bad Enough
- “The recession has turned standard economic wisdom on its head, so that formerly good things, such as frugality, are bemoaned, while formerly bad things, such as unconstrained borrowing and spending, are recalled with nostalgia.”
More Crisifying
- Can the president take responsibility for market rises?
- If the president gets blamed when the market falls, can he take credit when it rises?
- What does 1.2 trillion dollars buy?
- What can you get for 1.2 trillion nowadays? How about two and a half years of no employer-side payroll taxes?
- My Pet Crisis
- Someone needs to send President Obama a copy of The Pet Goat. Panic is not the right response to a financial crisis.
- Upturns with no downturns
- A pessimistic clock might be right twice a day; it might not be. It’s hard to tell when the clock doesn’t even use the same numbers we’re used to.
- Blaming the financial crisis on the reformers
- Change, hope, and unmitigated gall. McCain, Bush, and Palin were right about Fannie Mae/Freddie Mac. Now can we start listening to them on social security?