Thursday, April 30, 2009

Economic Insanity

You know that a society is dysfunctional when it takes new homes and nearly completed homes and razes them to the ground rather than finding a way to put low income people into these homes.



I find it amazing that Obama has no "housing" policy to deal with foreclosures as well as the above kind of economic paradox.

On the other hand... John Maynard Keynes said that one way to deal with a depression is to pay people to dig holes and then pay another group to fill them in. I guess this is America's latest attempt to be on the cutting edge of "new economic ideas" recycled.

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