Sunday, May 6, 2012

What's that Definition of Insanity Again?

Doing the same thing over and over and expecting a different result?

Clinton Secretary of Labor Robert Reich is convinced that the West's problem is not too much, but rather too little debt.  With economies that manage somehow, just barely, to sputter along not only on debt, but on a great deal of debt, on world class debt, on world record debt, on more debt than in the history of debt, he counsels not the tightening of our belts, not even a little bit, but instead, you guessed it, on yet more debt.

The next time you get misty over academic and intellectual credentials, remember that Bob and Bill were Rhodes Scholar and Yale Law classmates.

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