A life in words

  • Our Own Advice

    Says Robert Shimer via Greg Mankiw’s blog: The U.S. has long been a beacon of free markets. When economic conditions turn sour in Argentina or Indonesia, we give very clear instructions on what to do: balance the budget, cut government employment, maintain free trade and the rule of law, and do not prop up failing…

  • Bailin' on Palin

    In case there are any Republican bosses / campaign strategists reading this blog, here’s a recommendation: drop Palin. She seems like a lovely lady, but truthfully she’s in over her head. Instead, why not capitalize on the economic crisis by bringing Romney on board? I’m not really a Romney booster, but it sort of makes…

  • When Vader Bails People Out…

    Raghuram G. Rajan, former chief economist at the International Monetary Fund said: Where are the titans of the financial sector at this point? Why aren’t they coming together in a room at the New York Fed and saying, “This is a severe crisis for the financial system and we are going to put up some…

The principal difficulty lies, and the greatest care should be employed in constituting this Representative Assembly. It should be in miniature, an exact portrait of the people at large. It should think, feel, reason, and act like them. That it may be the interest of this Assembly to do strict justice at all times, it should be an equal representation, or in other words equal interest among the people should have equal interest in it. Great care should be taken to effect this, and to prevent unfair, partial, and corrupt elections.John Adams, Thoughts on Government, April 1776