A Little Christmas Cheer, or Not

Holman Jenkins has a dreary prognostication for the coming decade on Christmas Eve at the Wall Street Journal entitled "Get Ready for a Lost Decade". Not very "Christmasy", but he has many good thoughts. Normally, I would include some excerpts, but the whole thing is good and not too long. He derides the idea that good policy is possible, and thus massive stimulus will be a mess. Not too surprisingly, I agree with him. Click on this link and read it.