Posted by
Bert Chapman on Tuesday, September 23, 2008 11:51:33 AM
In one of my earliest blog postings, I mentioned that I like reading articles from the Canadian newspaper the National Post which is that country's premier conservative newspaper. There is an excellent and insightful analysis of our current financial problems in today's edition of the National Post by economic historian Michael Bliss which correctly asserts that politicians and bankers can't be blamed exclusively for this crisis but that blame must also be placed at the feet of a credit infatuated society that wants everything now. Go to
www.nationalpost.com/news/world/story.html?id=814048 to read this excellent analysis. It's okay to blame our political and economic figures, along with governmental legal and regulatory structures for our current economic crisis, but truly honest assessments of this must also involve looking in the mirror to see if our own economic practices and desires for immediate gratification are also responsible.