The definition of stupidity....

I often mention Tom Blumer, who writes at BizzyBlog, for his writing on economics and accounting issues. One of his recent posts is a must-read for this area.

Kelo, GM, and the Stimulus: Three Big Government-Induced Failures details three examples that, as Tom puts it, "clearly demonstrate that government should be the last place people look to for solutions to economic problems."

He also asks the age-old question: if the lessons are so clear, why do people keep doing things that don't work?

Hmmm...sounds like he could have used Toledo/Lucas County as examples as well.

I hope you'll read the entire article - and maybe add BizzyBlog to your daily reading as well.

Third anniversary of Kelo

"Today marks the third anniversary of one of the most outrageous decisions in the history of the U.S. Supreme Court. In Kelo v. City of New London, five black-robed despots ruled that New London, Connecticut, could seize the homes of Suzette Kelo and her neighbors and hand them over to big developers. The decision was a triumph for collectivism, government tyranny, and the capacity of the rich and well-connected to trample the rights of middle-American families."

More of this post from Leslie Carbone