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Thursday, December 3, 2009

Might have to start reading him

h/t Smallest Minority-

I've not been keeping up with things financial, since I don't really have any finances, and I'm waiting to hear from the disability people right now, but in the big picture I do feel that it's us against them. Karl Denninger makes it official:

The fact is that I can no longer, with a straight face, tell people they should "live to their obligations if they are able."

Not any more.

That implied part of the social contract only works when both sides of the bargain are acting in good faith in the main, and it is the rare exception to the rule when someone is behaving badly.

We need to wake up.

pm


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