Thursday, February 12, 2009

Reagan's Chickens Come Home to Roost

I recently heard again Reagan's infamous statement that "government is not the solution to the problem, government *is* the problem". Throughout this decade we have seen one financial disaster after another, all avoidable to a large degree had there been decent regulation in place. Instead, the Reagan idea that regulation is bad, and greed is good, has infected our society since the '80's, and now these chickens are coming home to roost big-time.

What is amazing is that people don't seem to be able to make the connection between our current economic crisis, and the lack of regulation which caused it. Long-term consequences seem to be something which even our politicians are unable to contemplate. We need some prophetic voices who will speak out and not allow us to overlook long-term consequences of current policies.

No comments: