With malice toward none, with charity for all, with firmness in the right as God gives us to see the right, let us strive on to finish the work we are in, to bind up the nation’s wounds . . .
~ Abraham Lincoln, Second Inaugural Address
Look, I understand why influential people are reluctant to admit that policy ideas they thought reflected deep wisdom actually amounted to utter, destructive folly. But it’s time to put delusional beliefs about the virtues of austerity in a depressed economy behind us.
It is this blog’s overarching conceit that none do more harm than those who seek to do a principled good. The selfish will always accept a Coasian bargain. True believers will stop at nothing.
Offer them a peace that lets them keep their faith.