"Starve the Beast" Theory in One Sentence
Krugman’s leeches analogy today spurs me to comment:
If the police department in your town is doing a bad job and the crime rate is high, the obvious solution is to cut funding for the police department!
Sounds a lot like bloodletting theory, dontcha think? We’ll just drain off the bad blood! It’s so simple and obvious!
Cross-posted at Asymptosis.
Main St: Hey, there are crooks on Wall St!
Wall St: Outrageous! Kill the SEC!