Here at the Big Bad Blog, we love the way that language and logic intermingle to create seemingly sound logical statements which are clearly false. Tricky and hard-to-spot logical fallacies are wonderful things, as any fan of Douglas Adams would know. (And if you don’t know your Douglas Adams, go buy The Hitchhiker’s Guide to the Galaxy. Now.)
Which is why we enjoyed reading this short post from Futility Closet. On reflection, we suspect that it might completely explain the field of economics — it is certainly frighteningly similar to the analogy used by the Financial Times to describe the Irish bailouts.