Friday, September 02, 2005

WMD?

Greed is a weapon of mass destruction?

One of our staff brings up the point that perhaps if Halliburton had not overstated expenses by billions of dollars we might have some additional monies available for aid to New Orleans.

Perhaps.

We read this morning that some people could not evacuate because they could not afford enough gasoline for their automobiles. If the hurricane had only struck a week later they would have had their paychecks and been able to leave or buy a bus ticket. So much for perfect markets. We're sure that payday loan places were also not about to give out loans before the hurricane, possibly figuring that they may not get paid for awhile if the flooding was bad and disrupted the local economy.

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