Interesting article from

[sdduuuude]

Interesting article from gregor.us, who seems like one of the brighter bloggers. Always has an interesting perspective:

http://gregor.us/policy/obsolete-expertise-and-the-us-economys-energy-problem/

The Great Recession has offered the perfect occasion to witness the phenomenon, a financial crisis which specifically kicked off amidst 150 dollar oil in 2008. Instead of advising the President that the country faced debt-deflation, with a nasty overlay of high commodity costs, the White House economic team has drawn from the post-war playbook which holds that if you stimulate the economy generally then the system will magically reorganize itself. Well, that hasn’t happened and it’s not going to happen.