Sharing Ideas: Joseph Schumpeter and David Byrne  

Joseph Schumpeter from his diary:

Politicians are like bad horsemen who are so preoccupied with keeping in the saddle that they can't bother about where they go.

In my opinion, this is just the beginning. When gas tops $10 a gallon THEN perhaps we’ll see the US public demand that our government seek alternative energy sources and demand that everything in our lives be more energy efficient. That day is not so very far away. (And this might actually be a good thing if we consider our carbon footprints)....

This sounds depressing and ominous, but I sense that one’s quality of life is not actually tied to these goods, and is certainly not tied to the automobile and all the roads and services it’s demanded for almost a century. US commuters, for example, will probably blame the Arab world, but will also look for alternate solutions, like decent public transportation, and living closer to their place of work, which is also a good thing. In fact, after some very nasty times we could — if we don’t let our anger and pain get the better of us — emerge with a better quality of life than what we have now.