Say of the Day: EJ Dionne

“This is the third time in 100 years that support for taken-for-granted economic ideas has crumbled. The Great Depression discredited the radical laissez-faire doctrines of the Coolidge era. Stagflation in the 1970s and early ’80s undermined New Deal ideas and called forth a rebirth of radical free market notions. What’s becoming the Panic of 2008 will mean an end to the latest Capital Rules era.”

http://www.realclearpolitics.com/articles/2008/07/ailing_capitalism.html

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