Quote of the week

Megan McArdle slips this zinger into a piece about that hypothetical (so far, anyway) trillion-dollar coin:

When I was reporting on Wall Street, I used to be told with some regularity that government was needed to counteract the short-term thinking of the business sector, who never thought much beyond the next quarterly earnings report. This now seems as quaintly adorable as picture hats and daily milk deliveries. An ADHD day trader with a cocaine habit and six months to live has considerably more long-term planning skills than our current congress.

Speaking of that chimerical currency, it fits perfectly into the story we told in first grade — which was more than 50 years ago, hence the seemingly modest pricing — about the youngster who sold his puppy to some kid up the street for a thousand dollars.

Well, he didn’t actually sell the puppy for $1000: he traded it for two $500 kittens.


  1. Roger Green »

    9 January 2013 · 8:04 am

    and AIG is considering suing the federal govt for bailing them out with such high interest, at the SAME time they are doing a “thanks, America!” campaign. talking shortsighted here.

  2. McGehee »

    9 January 2013 · 8:46 am

    The government is refusing to let banks pay back their bailout loans at all. Every time I hear news about the bailouts these days I hear a certain line from The Empire Strikes Back.

  3. fillyjonk »

    9 January 2013 · 10:21 am

    Yeah, Roger, didn’t take long for “Thanks, America!” to become “F you, America!”

    I’d like to see the storyboards for THAT ad.

  4. Tatyana »

    9 January 2013 · 10:49 am

    Roger and FJ: I tend to listen to Professor in these matters.

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