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Wednesday, March 2, 2011

Enhancing performance

“A lot of national economies are still on performance-enhancing drugs. It will be interesting to see what happens when the dope gets taken away.”

-Norbert Reithofer, the chief executive of Bayerische Motoren Werke
At Geneva Auto Show, an Upbeat but Uncertain Mood (NYT)

Interesting question - what will happen? I suspect that the performance-enhancing drugs have had very little effect on economic growth. However, this substance abuse is starting to have some very powerful and increasingly nasty effects on price stability.

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