As everybody knows by now, Warren Buffett -- class traitor -- pays a smaller share of his income in taxes than does his secretary, Debbie Bosanek. In his State of the Union address last month, President Barack Obama proposed the “Buffett Rule” to rectify this.
About two years ago I wrote an article saying that despite the lack of evidence, and despite the near-universal belief among economists that it was not a problem, I was worried about inflation. My reason was that I couldn’t see how the government could pay off the massive debt it was running up except by inflating at least part of it away.
In 1989, New Yorker writer Janet Malcolm published her famous essay, “The Journalist and the Murderer,” with its notoriously overheated opening sentence: “Every journalist who is not too stupid or too full of himself to notice what is going on knows that what he does is morally indefensible.”
OK, let’s go through this one more time. In 2006, Mitt Romney, as governor of Massachusetts, guided to passage, signed with a flourish and implemented with fanfare a health-care reform law for his state.
In November 1947, shortly after the United Nations voted for partition of the Holy Land into separate Arab and Jewish states, Chaim Weizmann was cited by the New York Times as saying that “the most important work now was to build Palestine.”