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Tuesday
Dec092008

Pointless Economic Comment of the Day

[UPDATE: David Brooks...Is Chauncey Gardener]

For all those who may have lost a job or had the bank foreclose on the house, David Brooks of The New York Times has consoling words for you:

Social change has a natural rhythm. The season of prosperity gives way to the season of economic scarcity, and out of the winter of recession, new growth has room to emerge. A stimulus package may be necessary, but unless designed with care, its main effect will be to prop up the drying husks of the fall.

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