Oh man, I heard Michael Arrington wrote that what our fair Valley needs is a downturn to wash away the bozos and hangers-on. That sounds like a Bond villain taking from the safety of his blimp or space station, while the clock on the doomsday weapon ticks down. We’re all imperfectable, except for that cadre of supermodels he’s spirited away to help repopulate the Earth in his image.
Back when I was taking courses in macroeconomics, our instructors lionized folks like former Fed Chair Paul Volker, whose strategies for fighting stagflation may have rescued the economy as a whole, but caused considerable pain for middle class people who weren’t independently wealthy. So, I wince when I hear people make that kind of talk.
I’ve been through a downturn. It’s not fun. Without the grace of circumstance, friends looking out for each other, and a working knowledge of Usertalk, the 2001 bust would had been a disaster. Sorry for not being a hard-headed Chicago School sort of guy, but that’s why I’m a recovering economist. [via Melinda Casino]
Christopher Walken’s blimp from A View to a Kill, via bondmovies.com.
One Comment
I have to wonder how much of Arrington’s missive is sour grapes. I much prefer Marc Andreessen’s thoughts on the Web 2.0 bubble.
I also dig how lots of people who write about the industry can’t tell the difference between San Francisco and the Silicon Valley. Maybe there’s not a difference anymore, other than the fact that I have to drive 45 miles to go to parties with Web 2.0 hipsters.