Just another Reality-based bubble in the foam of the multiverse.

Wednesday, September 17, 2008

Atrios on "The Absurdity of CNBC"

What Duncan sez:

The entire financial system is practically collapsing and they're lamenting the possibility of more regulation. I don't think the sports/referee metaphor is perfect, but it's probably good enough. People who prattle on about "the free market" are usually too stupid to have a clue how complicated and pervasive the "rules" had to be to to get a well-functioning modern market system: sophisticated concepts of contracts and enforcement, property rights, legal entities, proper accounting, bankruptcy, limited liability, etc... etc..., did not descend from the heavens but were, in fact, created.


Keep that up and you'll be telling us everything on the Market, from the price of oil to the interest you're paying on your credit cards to the Dow Jones Industrial average isn't an act of God.

Who knew?

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