Funny yet poignant clip from The Daily Show:
Via Coyote Blog
December 4, 2008
Motivations for Mumbai in a nutshell
Analogy on line one
Everyone and their cousin has used a smorgasbord of analogies to describe the current economic climate.
Robert Higgs dismantled some.
And here is a new compilation of analogies used by Schiff.
I think someone should use a jello analogy because that stuff tastes great.
Something like, years of artificially low interest rates from the Fed would be like imbibing Everclear-laden jello shots at a party every night. Sure it’s fun for awhile but then several year later you discover that you now have diabetes and liver disease. But because it tasted great in the past and got you laid, you keep consuming them expecting the results to be onward and upward forever.
QED, right?