It takes a worried man to sing a worried song, and in a recent speech that seemed like Larry Summers's swan song, the president's now-departed economic adviser warned that America is "at risk of a profound demoralization with respect to government." He fears a future in which "an inadequately resourced government performs badly, leading to further demands that it be cut back, exacerbating performance problems, deepening the backlash, and creating a vicious cycle."
Words fail me. Our problems are due to not enough government. Yeah, that's the ticket. No wonder the Harvard faculty ran him out. Although I note they are taking him back. No wonder the Harvard faculty are taking him back....
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