<< September 23, 2008 >>
talk of the town
as i was walking around, unsuccessfully trying to find a corned beef sandwich for lunch in this god forsaken city, it was amazing to overhear how many people were talking about the bailout. it seems like it's all anyone's talking about.
the news hour had allan meltzer on again, and he was as awesomely crotchity as ever:
It's a terrible idea. It's undemocratic. It's bad economic policy, and it's bad social policy. And it has a very little chance of solving the problem in a meaningful way.
...
I don't want to join a debate about different ways of picking the public's pocket. I think, if they're going to do something ... then what they ought to do is make loans, which the financial institutions have to repay with interest.
...
May I just say one last thing? Very brief. No one, no one has said this will solve the problem. No one has said it will solve the major problem in housing and finance.
where is this guy's emmy?
since the marathon last month i've been feeling slow, but today at the track wasn't that bad. repeat 1600m:
- 6:35
- 6:45
- 6:42
- 6:38