"Men are not hanged for stealing horses, but that horses may not be stolen." - Halifax
This is why I believe in federalism. I like living in a state where thieves are shot. Thieves like living in states where they are not. You can have the thieves, and I can have the rednecks, and we can see who does better.
The economy is certainly not in a recession, because growth is a measure of national past production. Consumers do not feel production, but consumption. If the economy grew by 1%, but population grew by 2% and consumers have been spending beyond their means in the past, this means that the economy could grow while discretionary income shrinks as people pay off debt.
Oh, and since this an economic post, I bet the entire comment section is going to be filled with well-educated coastal urbanites condescending towards poor people who shop at Wal*Mart. Working Americans buying diapers? That's wasteful fat Americans. Rich kids buying Masters degrees in English to work at a non-profit? Ah, that's not wasteful at all.
There is a great response to the Joshua Bell article by a NYC subway musician in her blog: www.SawLady.com/blog She interprets the situation differently from the Washington Post reporters... I thought you might find it interesting.
This is why I believe in federalism. I like living in a state where thieves are shot. Thieves like living in states where they are not. You can have the thieves, and I can have the rednecks, and we can see who does better.
Oh, and since this an economic post, I bet the entire comment section is going to be filled with well-educated coastal urbanites condescending towards poor people who shop at Wal*Mart. Working Americans buying diapers? That's wasteful fat Americans. Rich kids buying Masters degrees in English to work at a non-profit? Ah, that's not wasteful at all.
She interprets the situation differently from the Washington Post reporters... I thought you might find it interesting.