When the Right Thing To Do Isn't the Right Thing To Do
So what's going on? Populist revolt? Deranged Republicans? Legislative Sartreans?
My personal policy of “wait and see how it all shakes out” is looking all right to me, so I've got no predictions.
But to my friends who want to stand on principle and let the Invisible Hand get rid of the losers...
Many of us have gotten more than we deserve out of the last two decades. A full free market solution would be profoundly painful.
Maybe in a nation of libertarians, we'd have the patience and resolve to wait it out.
But this is not a nation of libertarians. If people get hit by the market, they'll hit back at the polls.
So unless you want to see a New New Deal. . . think prudence.
After all, there's strategy, and there's tactics.