A normal recession disrupts people's lives, but a long recession destroys them. You lose output, prosperity, family stability, self-esteem, and many other qualities on what looks to be a semi-permanent basis.

It's rare that you have a policy issue that can be solved by throwing more money at the problem, but the technology to make bus service more frequent and equip buses with GPS systems that provide real-time schedule updates to bus stops exists and operates in many parts of the world. We should be installing it in our major cities.

The United States Postal Service has a problem. People aren't sending as much mail as they used to. That means less postage revenue and difficulty paying the bills.

Matthew Yglesias Quotes