I'm O.D.'ing on inaugural coverage but wanted to take a quick minute to highlight a couple quotes from Obama's speech. The talking heads keep saying that his speech didn't have any "Think not what your country can do for you" moments but there were a couple lines that I really hope people will keep repeating. One was "The question we ask today is not whether our government is too big or too small, but whether it works." Another was "Nor is the question before us whether the market is a force for good or ill. Its power to generate wealth and expand freedom is unmatched, but this crisis has reminded us that without a watchful eye, the market can spin out of control." These quotes will be the perfect introduction for the lecture where I start talking about market failure and the role of government in improving market outcomes.
What a day!
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