Thursday, January 8, 2009

Thuffering Thucotash!

(Apologoes to Yosemite Sam)

"The consumers suffer when the laws of the country prevent the most efficient entrepreneurs from expanding the sphere of their activities."
From PLANNED CHAOS by Ludwig von Mises

Thuffering... that's what consumers are experiencing. And who among us is not a consumer???

We are all now suffering from laws and policies preventing the most effecient from supplanting the least ineffecient.
Ineffecient bankers and ineffecient banks? Give 'em Trillions.
Ineffecient auto manufacturers? Give 'em Billions.
And so on and so forth.

So long as the central bank (FED) and the central government (US Congress) promote policies of rewarding inepitude, and in fact implement further permutations and combinations of inepitude, expect further thuffering.