Monday, January 23, 2006

Press comments read on the train

Washington Post---1/20---The Laissez-Fairest of them all---by Steven Pearlstein---point of view is both indicated by the title and by the publication. It does have a quote from a Greenspan 2002 speech that is worth repeating, " The extent of government intervention in markets to control risk-taking is a trade-off between economic growth and its associated potential instablility, and a more civil but less stressful way of life with a lower standard of living". Good question.

New Yorker---1/23---The Financial Page, Morales's Mistake---James Surowieki---I was shocked to read anything but the most meaningless commentary from this writer of anything that fits some strange aspect of the New Yorker constituency(Long term sub, I guess I'm not part of the club). Anyway, this unexpected comment notes that "Ultimately, however, utopian rhetoric and utopian strategies are the last thing a country like Bolivia needs, because they foster the illusion that prosperity is easy to achieve". It's a balanced review of the coming train wreck, well meaning but ....

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