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We give government officials broad powers so they can take decisive action in time of crisis, not to see them philosophize about moral hazard as they dither looking to the editorial pages of the FT for guidance.

Maybe I'm just old-fashioned. I don't get this New Economy™ thing.

We have met the enemy, and he is us — Pogo

by Migeru (migeru at eurotrib dot com) on Tue Jan 15th, 2008 at 10:14:57 AM EST
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