Some of the best parts of blogging are in the comments. Today the Economist had an article on the American attempts to resolve the debt crisis, and whom is responsible.
This comment on an article is worth the read. What caught my attention was Juntai’s point about “an epidemic of inaccurate thinking”. If that isn’t a clarion call for our times then I don’t know what is. Its a non political clarion call for some reality thinking.
I want your money | Economist
Juntai wrote:
September 27, 2008 23:28
The biggest problem we have as a nation is an epidemic of inaccurate thinking. Tired, repetitive and meaningless slogans whip-up the anger of citizens who vaguely realize they are sliding down-hill. “Socialism, liberalism, tax and spend government”-all of these give people who don’t want to seriously grapple with issues a handle by which to be manipulated. The result is a nation of confused people who have put a bunch of below average thinkers and moral cowards into government.
Let’s stop blaming wall street. Sure there are a lot of crooks out there but there are a bunch of bad drivers on the highways and we handle it by having driving laws. When laws like gramm/leach/blily helped gut the driving laws of wall street why are we surprised at the result? When we send all of our jobs overseas in a limp attempt to prop up a maturing economy with low cost goods, why are we surprised when we have try to inflate growth by lowering interest rates to all time lows and then-oh heck-I flunked fractions in school and didn’t realize that when interest rates on a commodity go up the value goes down. . .we have no one to blame but ourselves for this mess.
