Panic in the Real Economy


Panic in the Real EconomyLast week’s stock market turmoil here and in China threw¬†the financial infotainment shows into a tizzy. If only they covered the financial drama unfolding in regular homes across the country with the same level of enthusiasm.

Gas and oil prices are really low right now. In a sane world, this would be a good time to raise the gas tax and plug the long-neglected gaps in infrastructure funding. But things are not sane, and low gas prices are only seen as an opportunity to go back to the SUV excesses of the 90’s.

Read the comic at the New York Times.