What do all these pieces have in common — apart, that is, from that insufferable tone of unearned moral superiority that comes with publication in the Times? Yes, that’s right, they all grandly recommend that someone else fork over the truckloads of cash that Greece wants. Everyone knows Margaret Thatcher’s quip about socialism: sooner or later, you run out of other people’s money. Sooner or later, and it is looking more and more like it might be sooner, the Germans are going to run out of money to pay for the Greeks’ lavish pension plans and retirement schemes.
But all is not lost. The sums Greece wants are quite large, it is true, but every little bit can make a difference. And, as Mr. Krugman & Co. would be the first to insist, this a moral imperative. There’s bleeding going on. It must be stopped. People have to take a stand. So here’s my modest proposal.
The New York Times should shift their entire pension portfolio into Greek bonds,
-Roger Kimball, as excerpted from here
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