God Awful Things

Those who know me surely know that I am a bit of on amateur economist… and full time liar.

Brad DeLong has written up a nice FAQ over on his blog about the Geithner Plan to purchase the distressed assets and all.. It’s a good read, but we know what will always jump out at me..

Q: What if markets never recover, the assets are not fundamentally undervalued, and even when held to maturity the government doesn’t make back its money?

A: Then we have worse things to worry about than government losses on TARP-program money–for we are then in a world in which the only things that have value are bottled water, sewing needles, and ammunition.

Yes, and I will be known as The Toecutter, or Blackfinger… Either way, something totally post-apocalypticy, where I can put a cow tipper on the front of my… oh right, I covered all of that in my post Soundtrack to My Post Apocalyptic Life.

Anyway, it’s a good read and is a nice change from all the doom and gloom, let’s hope he’s right.