Friday, January 14, 2011

Vegas baby, Vegas


Time to get out of the single-digit cold and meet up with some of my boys in Vegas for some serious NFL betting and typical Sin City shenanigans. I may even have to have one of 2 my annual Red Bulls.

Of course, Vegas is the great analogy for how deregulatory, "anything goes" economic theory works in the real world. Lots of people see the flashy lights and big cash floating around, and think that can be theirs. And it can, if you're either 1. Absurdly lucky or 2. Born into it. But most of the rest of us can't pay the cover charge, can't afford to live that way, and can't pplay at the $500 "high-limit" tables in the separate room. And most of us end up worse off financially than when we came.

It's a nice place to dream and escape reality, but not so nice as a place to deal with reality ( as evidenced by Nevada's nation-leading 14% unemployment rate) . Kinda like right-wing economics, when you think about it.

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