In just about every way, both "Bodie" and the suburban sprawl of the worlds of the Wasatch Front metropolitan region and the Raleigh-Durham-Chapel Hill have as their sources forms of magical thinking---that any resource-based system only lacks topmost limits because of forces outside of those governing the finite nature of natural resources.

Whether those resources happen to be a yellow metal or the relatively inexpensive hydrocarbons needed to fuel (yes, I know, but laugh anyway) the little house on the cul-de-sac, the notion that limits are imposed not by actual measures but by "gobmunt regulayshun" reflects little more than a dreamscape better suited to SuperHero Action comics than much else.

Please see:

http://www.project-syndicate.org/commentary/milton-friedman-s-magical-thinking

From here, we move forward, not be striving to re-create even the best of some moments from the past...

Greg
 





Leave a Reply.