On money, briefly
Having spent a couple years on Wall Street myself (though, obviously, not trading), I’ve been vaguely keeping tabs on the falling sky for the last couple days. I have mixed feelings and opinions, but I thought yesterday’s David Leonhardt column in the Times was insightful and instructive.
Now should come the harder part: a much more serious attack on our economic problems. Earlier this week, I called Mr. Hart, who has written some thoughtful things about the economy lately, for his take on all this. “We’ve been consuming more than we’ve been producing. We’ve been spending more than we’ve been earning,” he told me. “It’s been a big holiday.”
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