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July 3, 2012

The Design Margin

The Design Margin is rooted in the notion that life is uncertain;
that since things have often collapsed in the past and may collapse again we actually need to have more reserves than we think.  Asteroid strikes, wars and natural calamities happen — and with far more frequency than the space alien invasions that Paul Krugman suggests we prepare against. Bad times are frequent events. The idea that the office on the corner will always be able to dispense Government Cheese does not reflect the normal historical experience. Rather it reflects that peculiar period of stability and prosperity which followed the end of the Second World War: the Pax Americana, which the Left hates. Our civilizational attitudes have been formed on the basis of the exception, not the rule. -- Belmont Club » You Can’t Take It With You

Posted by gerardvanderleun at July 3, 2012 9:52 AM. This is an entry on the sideblog of American Digest: Check it out.

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