133 comments on DrumBeat: July 5, 2006
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133 comments on DrumBeat: July 5, 2006
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We can probably compile a long list of irrationally exuberant moves by "the market" to contradict those who believe that the market acts rationally. Yes, the 2001 dot.com bust and Tulip fever are part of that list as well as the build up of stock values during the roaring 1920's, but numbers one, two on my list are:
Frankly, I think we should be shrinking our current road system, not expanding it. Let's convert part of those 12+ lane freeways to bus only lanes that actually get you through the whole city, not half way through, like they had in Denver when I used to take a bus to work there.
Actually, it is worse than that. The education system is teaching the wrong skills and knowledge for a post peak world while, at the same time, using information appropriate to children, i.e., dumbing down the little, meaningless crap that is taught. At some point, people will look back (well, at least old farts like me hope they will look back) and realize that "shop" and "home economics" were far more important than diversity training.
I would also include living on credit (both personal and agency/government) on the list list.
Todd