A Contest: Analogies for the Pain Caucus

Worrying about inflation and mounting government debt when the unemployment rate is at 10%, capacity utilization at 72%, and the U.S. government can borrow for 30 years at a real interest rate of 1.86% per year is like...





The winner so far is Ben Furnas: ...worrying about getting your furniture wet when your house is on fire.





My best entry so far is: ...telling a fire department that its first priority is to stop filling its firehoses with water and start filling them with gasoline.




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Published on June 11, 2010 09:57
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J. Bradford DeLong's Blog

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