Saturday, March 9, 2013

"We will either revamp our institutions, or we will become Argentina."


From a very long essay on a "Constitutional Moment" - we are in one. We face problems remarkably similar to our young nation after the Revolutionary War. Most prominent of those is debt, but the writer calls for institutional reform. That may only happen when institutions are near collapse.

"That danger is very real. While we like to tell ourselves that all our constitutional stories must have a happy ending, constitutional moments are easily missed. The fear is palpable in The Federalist: Publius’s essays resound with do-or-die, now-or-never admonition. The Founders rose to the occasion.We may not: our politics may be too pathological, our circumstances too dire, our spirit too soft to seize the moment. However, there is no reward in a “how-do-you-feel-about-the-future” thumb sucker."

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