Stockholm Syndrome – In dramatic news the Nobel Foundation today announced that James A. Bacon has been nominated for the Nobel Memorial Prize in Economic Sciences for his groundbreaking economic work – Boomergeddon. Nobel spokesman Lars E Faire said, “Of course we nominated Bacon – just putting a picture of a detonated atomic bomb on the cover of a cult economics book all but guaranteed a nomination. Most authors use graphs or currency symbols. Bacon uses nuclear annihilation”
The Bacon School – Bacon could not be reached for comment. His publicist claimed that he was busy getting small somewhere in South Carolina. Inquiries were referred to Bacon’s spokesman Lawrence Gee. Gee explained the Bacon school of economic thinking. “Baconomics is not trickle down. Rather, it’s drizzle sideways. City governments which genuflect to private enterprise invariably become techno-modal innovation hubs. The private enterprise focus of these cities causes them to avoid building roads, bus lines, subways or any other form of transportation infrastructure. So, people walk. These are walkable cities,” Gee said with the conspiratorial nod of a man revealing a deep secret.
“Walkable areas force people into close proximity where good ideas flourish and capital can be raised by passing the hat without any government interference or regulation,” Gee said. “The cheek to jowl conditions in the walkable city not only lead to effortless capital formation but also attract new entrepreneurs from distant cities which waste their money on roads, police and schools. They make sure the walkable city is well supplied with essentials like meat pies and craft brewed beer. This is the drizzle sideways effect.”
Competition beware – Bacon will face stiff competition for the Nobel prize. Other nominees include Peter Galuszka who recently published a research paper linking all past, present and future economic issues to George W. Bush and Dr. T.M. Taxes who mathematically demonstrated that the Matrix is not only real but being operated by Northern Virginia land developers.
