Couldn't Say It Better Myself
Posted by Wayne Bretski
This item popped up in my RSS feed reader today and states pretty much what I think. I'm not always in line with Matt Iglesias, and the Quiggin piece is online here at Crooked Timber, an econ blog I don't read at all. "Far more losers than winners" indeed.
Also, the other hyperlink in the article was for the Wikipedia page for something called "Godwin's Law", which introduced me to the logical fallacy they call Reductio ad Hitlerum which I find hilarious.