7.23.2008

Always wanted to live in a footnote


For a nonpessimistic view, hearken to W. Michael Cox and Richard Alm of the Federal Reserve Bank of Dallas, who in the current issue of The American ask "How Are We Doing?" - and offer some useful perspective. The nation's present troubles, they argue, "will turn out to be mere footnotes in a longer-term march of progress."

[From Cheer up - these are the good old days - The Boston Globe]

And hey, how can you not like the nonpessimistic [sic] view? Granted, how nearly the nonpessimistic view approximates reality is open to question, but it is not a question that much interests the Boston Globe's pet winger, Jeff Jacoby.



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