Posted by Brad @ 1:40 pm on September 7th 2011

Quote of the Day

“Isn’t some suffering good for the sake of moral hazard? Is it not important to learn that gamely sucking prosperity from the future into the present and then whining loudly when the future arrives deserves some kind of penalty?”

Andrew Sullivan

I have some version of this reaction every time I hear people argue that the solution to our current economic crisis, based on decades of us trying to fiat prosperity into existence because we believe we have some kind of divine right to 3% unemployment and 10% growth, is to try and manufacture jobs.

Note: not just an American phenomenon.

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