Emergent disorder: four pieces of really bad news

by Russ Roberts on January 29, 2009

in Financial Markets, Politics

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

Slaughter Pigs Destroy Cars 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 today.

And another.

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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