Sunday, January 31, 2010


The Journal Sentinel reports, Cabela's lures little retail growth.

Our economic development paradigm - of subsidizing retail, conventions, stadiums, etc. - is a stupendous waste of money. Yet even though the Journal reports on the failure of these schemes, just as they reported on the failure of privatization, nevertheless, I expect to see articles in the near future touting the need for public subsidization of private developments and supporting the privatization of public jobs.

* Insanity: doing the same thing over and over and expecting different results.

No comments: