Quote of the day

Christian Ortner in today's Wall Street Journal (requires subs.):

Like most continental Europeans, Austrians now take for granted that, thanks to competition and liberalization, they can make cheap telephone calls. But they are indignant that jobs at the telephone company no longer come with a lifelong guarantee.

Too true. The WSJ also has a lucid discussion (free link) on this subject by Edmund Phelps who yesterday was awarded the 2006 Nobel Prize for economics.