It's always fun to point out when a journalist, especially a famous talking head on television, contradicts himself. But how often do we get to see it happen in the same sentence?
Here's a quote from today's New York Times column by conservative David Brooks:
What we need in this situation is authority. Not heavy-handed government regulation, but the steady and powerful hand of some public institutions that can guard against the corrupting influences of sloppy money and then prevent destructive contagions when the credit dries up."
Thanks David Brooks for pointing the way to a new language for the next phase of American capitalism. But we won't call it re-regulation. We'll merely call it the "steady hand of powerful public institutions."