The laws of economics are not suspended in an emergency, no matter what the laws of politicians attempt to do. When goods are more scarce, they will be costly to obtain, whether those costs are in terms of money or something else. The importance of letting market prices do their job and determining who gets what is that this process is also the way in which we make sure that there is stuff to be allocated in the first place. The only way to make sure we have sufficient production is to let market prices determine consumption.
What Woodward, Fournier and more than a few other Washington journalists ought to regret is the degree to which they have allowed themselves to become personally attached to the presidency of Barack Obama.
Engaged a relentless battle against time and fatigue, a select group of message scientists assembled by the White House’s Center for Narrative Control say they will take “all steps necessary” to contain a recent outbreak of scrutonium, a deadly poll-eating supervirus that attacks the immuno-hope system, leaving victims vulnerable to material facts.
“Failure is simply not an option,” said an exhausted Mission Chief David Axelrod. “If left unchecked, this virus may actually force us to move back to Chicago.” Continue reading ‘The Sycophantic 4th Estate’ »
