8/10/11

This actually makes some sense

The Fed’s Impotence Would Be Funny If It Weren’t So Tragic | Swampland: "But the newsy statement from the Fed’s meeting on Wednesday, while full of the usual eyes-glaze-over econo-jargon about “investment in non-residential structures” and “low rates of resource utilization,” is actually kind of funny."

The subtext to my biased brain is that the structures of sprawl are not going to remain. That sprawl is awaiting the bulldozer. That finally people are going to understand the relationship between population density and a viable economy, that finally some capitalists will begin to consider that the money they might like to make is right here. Just not where Rachel and others think. It lies in recreating communities from scratch, from the ground up. Shoring up and replicating what we have and calling that recovery is a siren song that ends on the most bitter of notes.

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