Monday, March 9, 2009

Sowell on "Subsidizing Bad Decisions"

Thomas Sowell does it yet again.

The old and trite notion of "saving for a rainy day" is old and trite precisely because this has been a common experience for a very long time. What is new is the current notion of indulging people who refused to save for a rainy day or to live within their means. In politics, it is called "compassion"-- which comes in both the standard liberal version and "compassionate conservatism."

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