Economics

  • An Economy that Doesn't Deserve Bailing Out?

    In his piece today on The Formerly Middle Class Brooks aptly notes that some people think recession is good because it means a moral revival—that Americans will learn to live without material extravagance and simplify their lives, rediscovering "home, friends and family".

    I was reviewing the Uni student newspaper where I teach part-time and got very annoyed by a passing headline, "An Economy that Doesn't Deserve Bailing Out". David Brooks—one of my favourite New York Times columnists—summarizes nicely why I think this...

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