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Emergent disorder: four pieces of really bad news

Tweet [1]

Buy American! [2] Waste resources! Save some jobs while destroying others and in the process make us poorer!

Slaughter Pigs Destroy Car [3]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 [4] today.

And another [5].

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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