Prepare For Hormegeddon
by Bill Bonner.
Posted Jul 20, 2015
*** begin quote ***
Finally, in 1943, two scientists published a journal article about this phenomenon and gave it a name: “hormesis.” It is what happens when a small dose of something produces a favorable result, but if you increase the dosage, the results are a disaster.
*** and ***
Hormegeddon is my shorthand way of describing what happens when you have too much of a good thing in a public-policy context.
Economists describe the “too much of a good thing” phenomenon as “declining marginal utility.”
*** end quote ***
Seems like our immoral, ineffective, and inefficient Gooferment has had a “declining marginal utility” for a century.
The question is how do we prune it back? Or hack it back!
# – # – # – # – #