Word: wisdome
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...Treasury is also active in ways it wasn't during the Depression. Back then, conventional wisdom held that the government should try to run a balanced budget in a crisis, even if that meant cutting welfare spending and raising taxes. A generation of economists inspired by John Maynard Keynes taught us that this is precisely the wrong thing to do. Government deficits in a recession are good, the Keynesians argued, because they stimulate demand. The Bush Administration, which ran substantial deficits in the boom years, looks set to run an even larger deficit...
Steven T. Cupps ’09 is a Lowellian concentrating in human evolutionary biology. In his column “Cupps Runneth Over,” he will explore the campus, the nation, and the world with a splash of wit, a drop of wisdom, and a shot straight-up of common sense on alternate Thursdays...
...Gwen very competently summarized the conventional wisdom you'd already been hearing all day. She didn't really move the ball." - Slate blogger and journalist Mickey Kaus...
...During the Veepstakes selection process, Obama and his advisers were well aware of Biden's Achilles' mouth, but they were equally aware of the Senator's strengths - his wisdom, his experience, his oratory gifts and his impressive life story. And if the primary prerequisite in a vice-presidential pick is finding someone unambiguously qualified to inherit the Oval Office, Obama made a judicious choice, especially in light of the competence questions that have continually dogged Biden's embattled Republican counterpart, Sarah Palin. Indeed, even the Republicans - who have hit their opponents on a wide range of issues, in keeping with...
...plants; raised eyebrows by remarking how "attractive" Palin is; made a widely ridiculed remark about President Franklin Roosevelt addressing the nation on television during the 1929 stock market crash (Roosevelt, of course, was not President then, and TV didn't even exist); contradicted his own running mate on the wisdom of the government bailout of AIG; colorfully confronted Obama's stance on gun laws; and objected to his own campaign's negative television advertisement disparaging John McCain's computer illiteracy...