Thursday, April 2, 2009
OLD AMERICAN ECONOMY
You had two cows.
You sold one and bought a bull.
Your herd multiplied, and the economy grew.
You sold them and retired on the income.
NEW AMERICAN ECONOMY (SINCE 2003)
You have two cows.
You force one of them to produce the milk of four cows.
Later, you hire a consultant to analyze why the cow has dropped dead.
You sell the other cow, and start buying dead ‘bulls’ in the expectation that they will be reborn someday.
The solution seems pretty simple, doesn't it? I don't think it takes a genius to figure out how to fix it, do you?