From City Journal, Theodore Dalrymple on inflation’s moral hazard: An age of loose money not only destroys savings — it corrodes character; whatever happened to the work ethic? Free markets require a constellation of moral virtues; and "too big to fail" must die: If we continue to subsidize irresponsible risk-taking, we’ll just get more of it. Bruce Bartlett asks the opponents of the stimulus: What should we have done? A look at how government efforts to funnel hundreds of billions of dollars into the U.S. economy appear to be helping the U.S. climb out of the worst recession in decades. More on Barry Ritholtz’s Bailout Nation. The huge government bailout could have cost taxpayers $700 billion — now it looks like it might break even. Recessionary Road: Chadwick Matlin embarked on a three-week cross-country trip to discover what the stimulus looks like from the ground up. The new joblessness: It’s different than other recessions — it’s worse than you think (and more). Can antidepressants end the recession? The Washington Post asks economists whether the worst of the recession is over. Nouriel Roubini on why people should stop asking when the recession will end. The recession is over — now what we need is a new kind of recovery. What recovery looks like, from Carmen Reinhart, a fair-and-balanced economist.
