Enough Already

One classic definition of insanity involves doing the same thing over and over again and expecting different results. A twice-divorced friend of mine who recently married again seems insane in this way.

So, unfortunately, do most economists, policy-makers and pundits, who think the economy can -- must! -- grow forever. Whenever recession looms, as it does now, these folks seem to think the answer is for us all to make, buy and sell each other more stuff.