Archive for March 17, 2009

Éirinn go brách!

And a Happy St. Patrick’s day to you!

On this day the local pub, O’Connel’s, serves green beer en masse to the college throngs.  I, being somewhat of a connoisseur, refuse to partake of the dyed cheap beer.  Instead I prefer something a little more refined.   “Guinness” you may say?  Nay!  I prefer and recommend Murphy’s Irish Stout.  It’s sweeter than Guinness and much easier on the stomach.

So go to your local pub and order a pint.  If you like stout, you’ll love Murphy’s.

And don’t forget to pinch someone for not wearing green!

Remember “Those who cannot learn from history…?”

“What we learn from history is that we do not learn from history.”

- Benjamin Disraeli

This was quoted in a Barron’s article outlining how some of the blame for the current economic situation falls at the feet of our current purported savior:  the U.S. Government.

I’m a big fan of less government in our lives.  However this article indicates that less government oversight of the financial sector allowed the markets to essentially run amok, from Wall Street, to insurance, to the mortgage companies.  Does that mean that we should jump to the other extreme and allow government to dictate terms to these companies (e.g. telling AIG they cannot give millions in bonuses that they are contractually obligated to pay)?

To be honest, I don’t know the answer to that question.  But I feel the answer lies somewhere in between.

|