Friday, February 05, 2010

Snapshot of the Free Market

Let's see now: the wave of cash thrown at Wall Street by the government las year has been paid out, pissed away or otherwise absconded with, so all boats are sinking with the receding time (at least some Cassandras say so). And yet millionaire TV-douchebag John Stossel offers this brainfart on the economy:

Q: How has the Wall Street crash affected you?

JS: Its biggest effect is to cause me to spend more time defending free markets. Financially, not so much. I had hedged by investing in a gold fund.

Free markets: I submit to thinking human beings this proposition: the free market is an article of faith rather like the Holy Trinity, the Transubstantiation of the Host or the Infallibilityof the Holy Father. It doesn't mean anything -- which makes it ever so much more useful as pretext, rallying cry and alibi.

As the noted philosopher S. Wonder says: When you believe in things that you don't understand, people suffer. Superstition's not the way.


At 11:37 AM, Blogger robert said...

Hope we don't have seven years of bad luck, as philosopher Wonder implied.


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