This, Dear Gentle Reader(s), from Paul Krugman's column in today's New York Times in which he discusses the financial crisis in which we find ourselves:
Why do we need international cooperation? Because we have a globalized financial system in which a crisis that began with a bubble in Florida condos and California McMansions has caused monetary catastrophe in Iceland. We’re all in
this together, and need a shared solution.
Remember the line from "Gone With the Wind"--"Miz Scarlett, you ain't nevah gonna have a 17 inch waist no mo'"?
Well, we are never going to have an isolated, Fortress America again. Sphere: Related Content
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