Sunday, December 21, 2008

Three Good Reads


The easiest post to make is one that just points you to other things to read. And since most of my readers read the NY Times, it seems kind of pointless to point to the Times. But don't let these three elude you.

Frank Rich will help you maintain a high level of righteous indignation about the economic mess. Just about everybody makes an appearance, from Bernard Madoff to Charles Dickens, from Elie Wiesel to Mel Brooks, from Golddiggers of 1933 to Bollywood.

Tom Friedman draws a picture of the Chinese/American economic relationship that lasted until this year. You've heard it all before, but building the new paradigm requires repeating things. His conclusion:

China is not going to rescue us or the world economy. We’re going to have to get out of this crisis the old-fashioned way: by digging inside ourselves and getting back to basics — improving U.S. productivity, saving more, studying harder and inventing more stuff to export. The days of phony prosperity — I borrow cheap money from China to build a house and then borrow on that house to buy cheap paintings from China to decorate my walls and everybody is a winner — are over.

Finally, Nicholas Kristoff shames liberals in his column, Bleeding Heart Tightwads. There's a lot of food for thought, even for arguing with him, when he claims that "Democrats, who speak passionately about the hungry and homeless, personally fork over less money to charity than Republicans — the ones who try to cut health insurance for children." One insight grabbed my attention, particularly:

...some research suggests that donations to education actually increase inequality because they go mostly to elite institutions attended by the wealthy.
That makes sense.


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