Blog Bubbles

Stephen Kirchner at Institutional Economics has a tongue in cheek post about the "Bubble in Economics Blogs". He writes:

As of March 2005, Professor Bill Parke is tracking 72 economics blogs at his Economics Roundtable. So we seem to be adding around 34 new economics-related sites to the blogosphere every year. This is clearly unsustainable and conclusive proof of the irrationality of bloggers! Some economics bloggers are even purchasing Google ads in a desperate scramble for market share.

Clearly government intervention is required to bring order to this sector of the blogosphere and prevent a blog boom-bust cycle from developing. As a solution, I propose the nationalisation of blogs, starting with John Quiggin, who can then educate us all on the merits of public ownership of the means of blogging.

Click here for the whole article. I just hope I make it before the meltdown. That way, I can argue for government funding...