Nick Gillespie writes:
Over at Splice Today, Russ Smith points to recent stories in Time, Newsweek, and The American Prospect celebrating the new frugality that’s all the vogue among lefty recessionists. Writers such as Nobel Prize-winning economist Paul Krugman, journalist Kurt Anderson, and Cornell economist Robert Frank are pushing the idea that maybe just maybe the current crisis will kill the glorious consumer culture that hath given so many spoils to so many people. Especially if the gummint rewrites tax codes to discourage wasteful spending at all levels.
Indeed. Somebody should do a video on that topic!