Sunday, May 09, 2010

Ferguson on Posner

Harvard's Niall Ferguson reviews Richard Posner's new book.  I particularly enjoyed this snippet on the financial reform bills being debated in Congress:
Both these measures recall the old British sitcom “Yes Minister,” in which all crises elicited the following response from the clueless politician Jim Hacker: “Something must be done. This is something. Therefore we must do it.”