Tuesday, February 12, 2013

Economic Pornography Defined

The question has been raised, what is economic pornography?  I should have taken the time to develop the idea before I used it yesterday.
Pornography is defined by Merriam-Webster dictionary as "the depiction of erotic behavior (as in pictures or writing) intended to cause sexual excitement".  

Modify it for economics and you get "the depiction of political behavior (in pictures or writing) intended to cause economic excitement".

As applied to yesterday's post, California representative John Campbell was engaged in economic pornography.  His behavior, in writing through proposed legislation to adjure the Federal Reserve (drink the Kool-Aid) to back stop banks that are deemed "too big too fail".




If that doesn't cause economic excitement, I don't know what will.  Imagine running your business with the full knowledge that the Federal Reserve will bail you out.

Civility prohibits me from offering a metaphorical, sexual reference that would identify their excitement.

No comments:

Post a Comment