Tuesday, June 28, 2011

People who say it better than I can

From the inestimable Paul Krugman:

"I was originally going to end this post by saying something about stupidity, but that’s not right: the people at the BIS  [Alameda Hospital] aren’t stupid. What’s going on here is something different and worse: we’re seeing the desire for conventional respectability outweighing the lessons of history; we’re seeing vague prejudice (prejudice that just so happens to serve the interests of rentiers [the political clique that runs Alameda]) trumping analysis."

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