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BOSTON – I don’t know too many economists who get confused with preachers. But there are times when they talk about virtue and temptation as if they were free-market holy rollers.
BOSTON – During the Vietnam War there was a phrase that came to symbolize the entire misbegotten adventure: “It became necessary to destroy the village in order to save it.” It was said at first with sincerity, then repeated with irony, and finally with despair.