In Crisis

Coates and Douthat are taking a pass on bailout-blogging. I guess I'm in the same boat.

Seems to me that when economic problems are so complex and inscrutable that people of average or even above-average intelligence can't get a firm grasp on them, democracy fails to function properly. The wisdom of crowds can't work its magic when the crowd can't really ascertain the problem. That's why this is a political as well as an economic crisis.

David Brooks seemed to be saying something similar in his column yesterday, but actually seemed to welcome Paulsonomics as a sort of harbinger of post-partisanship.

In any event, we are now seeing who the real elitists are. They've been outed and they're circling their wagons.