Posts with keyword: conservative

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Silver Lining

Wed Oct 15 15:52:00 2008

Fareed Zakaria has a nice little article at Newsweek on the silver lining to this whole economic crisis. He says: If there is a lesson to be taken from this crisis, it's a simple and old rule of economics: there is no free lunch. If you want something, you have to pay for it. Debt is not a bad thing. Used responsibly, it is at the heart of modern capitalism. But hiding mountains of debt in complex instruments is a way to disguise costs, an invitation to irresponsible behavior. At some point, the magical accounting had to stop. At
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