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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (117468)1/3/2009 7:31:25 PM
From: GuinnessGuy  Read Replies (1) of 132070
 
Mike,

I don't remember you ever characterizing a piece as "outstanding writing" but obviously some others agreed with you. That Michael Lewis piece that was posted here by someone has won top honors by receiving the Sydney award. To be honest, I had never heard of the award before - but since it was pointed out in a NY Times op-ed piece the other day I suppose it's big deal. Here's the link to the original article:

portfolio.com

Here's a link to another winner that also talks about the financial crisis but more in a historical sense:

weeklystandard.com

That one definitely brings up some ideas I never gave much conscience thoughts to.

Here's the first paragraph to whet the appetite:

Neither Barack Obama nor John McCain had much of value to say about the financial crisis as it raged through the headlines this fall. Rather than shred their campaign strategies, they played it safe, as most politicians would have. But in the name of justice we ought to recall that there was one candidate who did foresee our predicament with considerable accuracy when it still lay far in the future. Ron Paul, in almost every speech he made during the Republican primaries, spoke of bubbles, reckless credit growth, and the "unsustainability" of present policy. So why isn't there more demand for the common-sense solutions he put forward? Because common sense is not much use in a financial panic.

What's your spin on it?

craig
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