“Guess Who Said It?” Multiple Choice

“Houston, Washington, We Have a Problem . . .”

“If you are 20 or 30 you probably see capitalism in terms of two dramatic themes. The first was the crash of ’08, in which heedless, irresponsible operators in business and government kited the system and scrammed. The second is income inequality. Why are some people richer than the richest kings and so many poor as serfs? Is that what capitalism gives you? Then maybe we should rethink this!”

Test your command of current events, and guess who said the above:

A. Bernie Sanders;
B. Paul Krugman;
C. Ronald Reagan’s speechwriter and now WSJ columnist Peggy Noonan;
D. Thomas L. Friedman.

Answer:  “C.”

Surprised, huh?

When even a respected doyenne of The Right like Noonan concedes fundamental, deep-seated problems with our current system . . . you know something big is brewing.

Click here for the rest of Noonan’s provocative piece, on the op-ed page of today’s WSJ.

P.S.:  like me, Noonan rejects “The Great Recession” and instead uses “the Crash of ’08.”

What’s the difference?

Recessions happen, like the weather; crashes have causes (and ideally, consequences).

See also, “Recession Name Game.”