Thursday, March 21, 2013

misallocation and malinvestment

misallocation and malinvestment.

I was spellchecking the above essay when Google highlighted these two words.  Curious I clicked on them to find Google recognizes neither terms in the English language.

Sheeesh.  That explains a lot.

Keynesians cannot admit there is any possibility of either occurring.  If they ever show up in a dictionary, the picture next to misallocation should be of government-provided transit.  Malinvestments's picture would be Seattle's fourth major league stadium (or it is fifth now?)

Feel free to forward this by email to three of your friends.


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