Ross Douthat has a piece about the Euro and its impact on poorer members of the Eurozone. And Governor Florio recently had a piece in NJ Spotlight expressing somewhat similar concerns about the socioeconomics of the United States. I don’t know how long free societies can treat so many of their own people so badly without imperiling the stability of their institutions. The West is really living through a great period of political malpractice, as the center-that-hangs-on circles its wagons around a system that is chronically failing its people. Much of the present leadership seems to have missed an important observation by Holmes, which applies as much to the integrity of institutions and property rights as it does to the treatment of criminals:
The first requirement of a sound body of law is, that it should correspond with the actual feelings and demands of the community, whether right or wrong.
I have a sick feeling in the pit of my stomach many days. How many others do?