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Tuesday, March 18, 2008

Interesting WSJ Advertising

A bit off topic.

I normally don't even look at advertising pages, but today's WSJ had two interesting ads. The first one was a full page letter to Ben Bernanke, in which (presumably) a private individual named Andy Beal from Dallas, TX wanted his views heard about the danger of the Fed buying securities in the effort to bridge a buyout of Bear Stearns. I don't have any particular insights (except that in general I agree with him), but it is a good way to get one's point across if he is willing to pay for it. Unfortunately in this case, I'm convinced the greater risk between moral hazard and inaction was inaction.

The second full page ad was a letter to Sens. McCain, Clinton and Obama from the Alzheimer's Association. The ad states, "10 Million Baby Boomers Will Get Alzheimer's. What Are you Going to do About it?" Does anyone else see what's wrong with this? Do we want the government, which brought us the New Deal, the IRS, Medicare, Social Security, etc. to be the ones responsible for curing this disease?

*Update*
Andy Beal appears to be a wealthy entrepreneur, mathematician, and poker player and has previously taken out ads to get his opinion out.