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News? Check. Politics? Check. Music? Check. Random thoughts about life? Check. Readership? Ummm.... let me get back to you on that. Updated when I feel like I have something to say, and remember to post it.

Tuesday, September 07, 2004

Corollary to Godwin's Law

One of my favorite bits of wisdom from the world of the Internet is Godwin's Law, which states:

As an online discussion grows longer, the probability of a comparison involving Nazis or Hitler approaches one. There is a tradition in many Usenet newsgroups that once such a comparison is made in a thread the thread is over, and whoever mentioned the Nazis has automatically lost whatever argument was in progress.


We need a corollary for discussion of economics.

Once a comparison is made to the Great Depression, the thread is over, and whoever mentioned the Great Depression has automatically lost whatever argument was in progress.


No matter what your political persuasion, the economy is not and likely never will be as bad as it was in the Great Depression. Simple things like welfare and the FDIC will keep money circulating through the economy and financial institutions sound, and hopefully politicians won't be stupid enough to pass another Smoot-Hawley Tariff Act.

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