Our Malinvestment In President Obama Will Bring Painful Consequences

http://www.forbes.com/sites/realspin/2012/11/15/our-malinvestment-in-president-obama-will-bring-painful-consequences/

The danger here, as we have seen in every other bust for a century or more, is that we can only suspend the laws of economics for so long. And in general we are only good at considering immediate consequences, while being very, very bad at considering later consequences. As 19^th century French economist Frédéric Bastiat observed, “The bad economist pursues a small present good, which will be followed by a great evil to come, while the true economist pursues a great good to come, at the risk of a small present evil.”