Tuesday, October 09, 2007

The problem with having too much money

With oil at $80 a barrel, the Gulf states are drowning in money. What do you do with it? You can put most of the estimated 628 billion windfall in boring Treasury bonds and you can splurge on neat stuff like building a massive Panama Canal-sized waterway to add 500 kilometers of waterfront. I hope they have fun while it lasts.