Maxing out the credit card

I will return to yesterday's quote soon, though I note with interest the discussion about whether "urgency" is a theological category.

In the meantime, here are two interesting pieces by SMH economist Ross Gittins. The first from a few months ago, argues that "we have been paying off our economic credit card by racking up debt on our environmental credit card", an idea not unrelated to the idea of an ecological credit crunch. The second article, from a few days ago, is about the shortsightedness of government subsidies for middle class status symbols.