I think ^(link) therefore I err

Thursday, October 19, 2006

The Economy

George Will has so many quotables, I recommend you read the whole piece. Here however are some gooduns:

Clinton is always a leading indicator of "progressive" fashions in rhetoric.

Economic hypochondria, a derangement associated with affluence, is a byproduct of the welfare state:

An entitlement mentality gives Americans a low pain threshold -- witness their recurring hysteria about nominal rather than real gasoline prices -- and a sense of being entitled to economic dynamism without the frictions and "creative destruction" that must accompany dynamism.

Economic hypochondria is also bred by news media that consider the phrase "good news" an oxymoron,

Granted, income statistics show the increasing disadvantages of persons with education deficits. But that is the market saying -- shouting, really -- "Stay in school!" Over time the voice of the market is rational, credible and therefore a potent instrument for changing behavior.