Tag: distributive justice

Here is the great secret of my generation: What our parents gave us as a gift we have received as an entitlement. No one is not grateful for an entitlement. Indeed, everyone is resentful that it is not larger. Worse, we are resentful of everybody else's entitlements because they compete with our own. Politics because a matter of getting as large a share of the pie as you can, while giving as little as you can get away with.

One salient fact about this recession is that 90% of the working economists missed the warning signs, and those who predicted a disaster were...