We're getting snookered. This is bad. Who remembers the "Troubled Assets Relief Program" (TARP), 700 billion in spending approved just months ago? Well, that's not interesting anymore. Silence on TARP. Now another 800 billion from the latest American Recovery and Reinvestment Bill. This will work!
TARP was supposed to right the ship. That's how it was sold, to the sceptical public (remember?). And yet, no discussion anymore, nothing. And now a new bill presumably because we have a new administration (TARP was Bush, and therefore failed), and it's another 800 billion. What about TARP? Sold to us in the same way: huge spending necessary to avert disaster. Months later we can't even remember what happened to the money, or why it was approved.
In the meantime our debt grows to proportions never seen before, and our elected officials play these games with the public. Why not, the public has a short memory...
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n. thax'is: 1. theory and praxis
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What's thaxis?
It's theory and "praxis," or in other words, practice. Thaxis is an ongoing discussion of bad and mythical theories that lead to bad practices. We tweak the future to flourish, by always questioning and exposing bad theory and its link to our current practice. The blog touches on any and all topics related to--what else?--theory and practice.
Update: In returning to thaxis years after actively posting, I'm more inclined to keep a journal of thoughts which may or may directly address a particular pain point, but will I hope converge on a picture of things that serves the basic purpose. In other words, read it to find out what I'm thinking about, and read it for discussion also of specific topics, as the case may be.
Erik J. Larson
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