Sunday, August 8, 2010

Strange Bedfellows

Here in New Jersey, the governor has announced his intention of taking over the Atlantic City casino and entertainment district. Not since the end of Prohibition has a government eyed more greedily income from sources they once considered unsavory. I’m skeptical that the state government can do a better job than the pros., and it just doesn’t sit well with me. It’s too close on the heels of the revelations that exposed many on Wall Street as little more than gamblers who bet on derivatives using other people’s money. It brings to mind an Ambrose Bierce quote, “The gambling known as business looks with austere disfavor upon the business known as gambling.”

By Sam DelPresto