They never learn...
Think economic policy blunders are something new? Think again. Bad policymakers just aren't that innovative. Sure, we've had our share of blunders over the past decade (e.g. protectionism, repeated "stimulus," multiple rounds of bailouts, overly loose monetary policy, perverse incentives created through the regulatory structure, etc.), but none of these ideas are new. All have been tried and all have failed repeatedly throughout human history.
With that in mind, I'd like to highlight a humorous (if not depressing) commentary on the repeated imposition and subsequent failure of poorly designed economic policies. This foray into the ludicrous should endow today's policymakers with the wisdom not to repeat previous disasters. Notice I said "should." It won't.
Enjoy.
