Wednesday, May 16, 2007

Steam subsidies anyone?

A view from the year 01889 provided by the wonderful Paleo-Future blog.

Avoiding an enormous waste of fuel before it became a civilization-wide crisis must have seemed like a charming enough idea at the time. But this 19th Century optimist failed to tap into the same shallow well of zen wisdom as the Berkshire Hathaway shareholders - asking 'the most important question in economics: "And then what?'"

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