New Econoblog on WSJ.com
Max Sawicky and I square off on taxes and spending, here is the link. Here is one short bit from Max:
The other connotation of "surrender" here is surrender to the market, or to the fates. It is surrender to amorality, since market outcomes have no positive ethical qualities. Choices are determined by endowments, and endowments — the wealth and social status resulting from the accident of birth — are a matter of pure luck.
Addendum: Sawicky says impossible, Greenspan says inevitable.
Addendum II: here is the WSJ.com forever permalink, the one above expires in thirty days.