Monday, May 5, 2008

Where in Tarnation is The American Industrial Revolution

This country is in possession of some of the greatest coal reserves in the world. Cheap Coal and Steam power drove the American Industrial Revolution. What we use for energy today is much much more expensive. This is what government sponsored monopolies in a mixed economy do; corner the market with specially designated territories and inflate prices. This is the opposite of innovation & competition folks!

By calculating war as part of the gross national product and by never living within some quotient of accounts receivable, the paradigm challenged hominids we call politicians can squander all that the productive sector of the economy will ever produce now and forever!

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