Tuesday, June 9, 2009

QOTD

From Glenn Reynolds:
Drunken sailors generally spend cash that they’ve already earned themselves, rather than running up debt to be paid by others. If our politicians started spending like drunken sailors, it would in fact represent a dramatic improvement.

Having had, shall we say, experience with drunken sailors, I'll vouch for the point's veracity.

Seems Hayek was Right



What a shock.