Tuesday, June 16, 2009

Sobriety

Our economy remains very shaky.
George F. Will:
Using a defibrillator as large as the sum of money being thrown at the U.S. economy will somewhat quicken its pulse. But a patient cannot become healthy attached to a defibrillator. If the economy relapses, three causes might be: protectionism, refusal to allow creative destruction and rising long-term interest rates.
And also:
The president's astonishing risk-taking satisfies the yearning of a presidency-fixated nation for a great man to solve its problems. But as Coolidge said, "It is a great advantage to a president, and a major source of safety to the country, for him to know that he is not a great man." What the country needs today to shrink its problems is not presidential greatness. Rather, it needs individuals to do what they know they ought to do, and government to stop doing what it should know causes or prolongs problems.
Ronald Reagan:"Governments tend not to solve problems, only to rearrange them."

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