Tuesday, June 05, 2007

I'm not sure I completely understand this story, but whatever it's saying, the author says Ayn Rand predicted it. I think it's saying that regulations have driven the cost of producing tangible goods so far beyond the costs of producing intangible (and presumably less regulated) goods that we're facing a collapse of the "tangible goods" market.

I would agree with that, except I'm not sure it's true that "intangibles" are any less regulated. And, our economy continues to show remarkable resiliency, and I don't see Atlas Shrugged happening anytime soon. We're likely to continue limping into the foreseeable future.

Still, worth a quick glance.

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