Monday, October 17, 2011

I have a bridge to sell you

Today's Wall St Journal Op-ed page title. "How Billionaires Can Build Bridges to the Middle Class". The author's quote billionaire William Conway of the Carlyle Group lamenting that he just cannot find a good way to put $1 billion of his money to work creating jobs.
So helpfully they suggest that Mr Conway could fund "infrastructure" namely he could use his money to finance building a bridge somewhere. Cool. Let's suppose Mr. Conway takes them up on it.
Next paragraph they suggest all sorts of government regulations that should be created to make sure Mr. Conway does the right thing with his money. A public something-or-other would create a list of eligible projects and Mr. Conway would be allowed to pick one.
Wow! Here we have a public spirited billionaire, who has decided to spend his own money on a public project, and we have the chutzpah to tell this guy what projects he is allowed to finance and which ones he is not allowed? Methinks Mr. Conway would put his checkbook back in his pocket and go away, mad.
Clearly the authors have been smoking controlled substances. And spend too much time in academia.

No comments: