Sadder but Wiser

At close to 36 years old, I am a fuddy-duddy. I value the characteristics of a by-gone era. That is why I love this editorial by Thomas Sowell on the subsidization of homeowners in trouble. The author hits on two "old and trite" notions of that by-gone era:

1. saving for a rainy day
2. sadder but wiser

Good read.

Best quote:

Even in an era of much-ballyhooed "change," the government cannot eliminate sadness. What it can do is transfer that sadness from those who made risky and unwise decisions to the taxpayers who had nothing to do with their decisions