Watching as much as I can stomach of the hearings in New York at the New School on the Econ crash and the role of the ratings agencies, it is crystal clear that those who support our hamiltonian system do so because it works for them, and no other reason. These ever so unremarkable people made lots of money let anyone do whatever they like, because they made money. When making lots of money it is very easy to say:
1. I must be smart, because I make a lot of money.
2. This is the best system, be use I make lots of money.
3. Anyone who disagrees is stupid and just doesn't know how to make money in the best system possible.
There is absolutely no recognition that there may be some other rubric besides money that indicates value.
When all is said and done, these fine investigators will smoke out some villains and some people will go to jail. Next, congress will pass some laws that ever more crush freedom to, and freedom from, but freedom nonetheless. Forexample, Mish is showing a new law that congress has passed...
Sunday, June 6, 2010
Works For Me
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