Monday, January 4, 2010

Government Aid

(click on images to enlarge)

A couple hundred years ago, economics was know as political economics. In spite of some long held beliefs, government has always helped business, as in giving railroads land, building airports and, I maintain creating the present dairy dilemma.

One graph is from a presentation given to the American Economic Association meeting in Atlanta. The entire presentation can be seen here:

As Simon Johnson suggests, a new crisis is on its way. I would suggest the same could be said for dairy. There are too many people on the gravy train for government to get ahead of the impending crisis.

1 comment:

  1. If you were to investigate just who profited off this current recession/depression, what would the results be? Is there such a thing as forensic accounting? CSI, if you will, of derivitives ?