Emergent disorder: four pieces of really bad news
Posted By Russ Roberts On January 29, 2009 @ 6:15 pm In Financial Markets,Politics | Comments Disabled
Buy American! [1] Waste resources! Save some jobs while destroying others and in the process make us poorer!
Slaughter Pigs Destroy Car [2]s to Help the Car Industry! Waste resources! Save some jobs while destroying others and in the process make us poorer! (scroll down to Cash for Clunkers. HT: Greg Bain)
You deserve a do-over [3] today.
And another [4].
Any one of these would be a bad sign. All four in the same day? As each legislator and Congressional committee and the Fed and the President try to help improve the economy (or bail out a favored constituency) the stress on the whole system grows. Every once in a while I think we can come out of this mess. On a day like today, I start to think we're going to have a profound economic collapse.
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URLs in this post:
[1] Buy American!: http://www.washingtonpost.com/wp-dyn/content/article/2009/01/28/AR2009012804002.html
[2] Destroy Car: http://money.cnn.com/2009/01/23/autos/government_car_incentives/index.htm
[3] a do-over: http://www.washingtonpost.com/wp-dyn/content/article/2009/01/27/AR2009012703501.html
[4] And another: http://www.washingtonpost.com/wp-dyn/content/article/2009/01/27/AR2009012703428.html
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