Monday, March 24, 2008

It's The Panel Discussion, Stupid.

There was a really interesting discussion on the economy on Bill Maher's show this weekend.

My favorite part was when Princeton professor Melissa Harris-Lacewell makes the argument (correct, in my opinion) that the post-WWII middle class was the creation of government policy and design. Conservative humorist PJ O'Rourke tries to argue otherwise, but seems to essentially agree as the conversation goes on with the points the other panelists are making. Does one person's wealth create another person's poverty? This is the question that leads to the debate.

I gave my take on the Bear Sterns bailout and why it was hypocritical last week.

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