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November 30, 2006
Stealing Frank's idea
Incentives Matter: Road Trip Edition "Americans drive less for first time in 25 years." Why? "Higher gas prices cut not only sales of SUVs, but also time spent on the road." Of course, plenty of luddite urban planners want gas to be more expensive so we all can live in high rises downtown next to the crack dealers. 12 Days of Christmas are more and more expensive. Hopefully since the Dems are in control, maids-a-milking can finally get paid a living wage. And who knew swans were so expensive? Finally, at least Bush is doing something right this year. After causing all those hurricanes last year (with tons of help from capitalist pigs), "the 2006 Atlantic hurricane season ended with a whimper rather than a bang on Thursday, without a single hurricane hitting U.S. shores." But, maybe I shouldn't give him any credit. Since, after hurricanes or other disasters, plenty of people unknowingly committing the broken-window fallacy claim that the disaster will help the economy through repair purchases and rebuilding efforts. So, if there were no hurricanes this year, then Bush effectively robbed all of those would-be rebuilders. That's why global warming is good; more global warming = more storms = more rebuilding = prosperity, so buck the trend and get that car back on the road! Posted by Tim Shaughnessy at 03:28 PM in Economics
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The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith
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