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The author at RollingDoughnut.com in a related article titled Introducing an idea I stole from everyone else. writes:
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paul writes:
I think the comments to the post said it all. Yet another market failure that can be cured by a govt with superior information. If only the people would let the experts manage things... Posted November 26, 2008 9:36 AM
MattYoung writes:
A panic in which no one is certain about the future direction, so we mill about, not trusting normal information. Hence, the search for profitable sectors; first try one then the other. Easy to solve, just tell us the future. The consumer will compact around townships, use lowerer energy transportation, rely on delivery and local services more than usual. Low impact living, which will get efficient fast. The remaining issue is how much government reform will this require, for the elephant in the room is the question, does the economy demand major government reform? Posted November 28, 2008 11:04 PM
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