Saturday, July 31, 2010


It is painful to see how obviously good and popular public policy (borrow cheaply, hire unemployed people, invest in physical capital) can be so difficult to implement. It is even more painful to see obviously bad and unpopular public policy ( endless counterproductive wars, bankster bonuses, carbon subsidies) continue through what seems to be a combination of graft and inertia.

When it is Democrats who are doing this it is confusing!

Eventually you have to consider the possibility that we are living under the policy regime the controlling factions of the Democratic party prefer.