What does it mean when economic output drops? More people sat home watching TV, ignoring the commercials, I guess. Maybe it’s an indication that we were measuring the wrong thing, or measuring wrong. Some of us thought a Super-Sized Chevy pickup was worth as much as a house, and a house as much as a small business. But a barrel of oil turns out not to be worth $150, and Campbell’s Soup isn’t worth $1.50. Everybody thinks, “Dang, they’re on to us.” Panic ensues.
People had been making useless junk and didn’t know it, and now they’ve stopped. Maybe our economy depends on us working hard to make stuff we don’t need, so we can buy stuff we don’t need. Every few years people notice, and then there’s a recession. Really, if most of what we make is expensive and unnecessary, we’re lucky it’s ever anything but a recession.
Imagine if we tried to maintain our weblogs like that.
Monday, January 12, 2009
crazy people
monday evening is onto them, i.e. us:
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