Monday, August 23, 2010

The Economist and its leftward spiral

The Economist warns of the dangers of Big Government. Funny, because I vaguely remember the Economist advocating not only Barack Obama's election but also the fiscal stimulus, the bank rescue package and the health care reform. This is the trend the news magazine has had for at least the past four years that I have been a subscriber. First they advocate interventionist policies and then, especially if those policies backfire, they argue that we should be cautious of such policies. Usually they leave cunning openings for themselves, allowing them to take credit however things turn out. I guess they really want to make it seem like they're sticking to their stated principles while in fact advocating policies that betray those principles.

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