Monday, February 2

Kill Cows Smash Cars Save the Economy

It is almost as if Congress has taken to give us a textbook example of the broken window fallacy (in simple form, it does not help the economy to break and replace things). First they want to pay people up to $4,500 to trash their old cars for a new one. Next they want to pay farmers to kill their dairy cows.

Memo to Washington: We don't get out of the economic mess by destroying everything we already have.