Quote of the Day

If you leave office held in high esteem by the Davos set, there are any number of European Commission or IMF or whatnot gigs that you might be eligible for even if you’re absolutely despised by your fellow countrymen.

—Matthew Yglesias

The modern economic regime is a lot like the mob.

You f%$# the citizens that you are pledged, and you secure a cushy sinecure from the Davos set.

You do what the boss wants, and you are a made man.

This explains a lot.