25 January 2011

Removing the alternative

In order to herd people into choosing to do something they ordinarily would not do it is largely a matter of removing the reasonable alternatives. 
If you want to get people to live in the suburbs so they have to buy cars, get rid of the mass transit, have most of the government subsidies go to roads and bridges, and make it so the highways have 9 foot overpasses so the buses can't get from the city to the suburbs and everyone needs to buy a car. 
The same thing could be said for moving people into an asset bubble. It's about removing the alternative stores of wealth so that people have no choice but to gamble on the rise in asset prices. 

No comments:

Post a Comment