Somebody send Sarkozy a copy of Basic Economics or Capitalism and Freedom. Apparently he needs a good economics lesson:
The idea of an all-powerful market without any rules and any political intervention is mad. Self-regulation is finished. Laissez faire is finished. The all-powerful market that is always right is finished.
I just keep reading that paragraph, open-mouthed at its stupidity. Or, as LT Nixon recently quoted, "What you just said is one of the most insanely idiotic things I've ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul."
Posted by Sarah at October 1, 2008 11:31 AM | TrackBackWhat is sooo mind-boggling to me about this, is that the current crisis is because of interference and attempts of regulation in the free-market. And now that it back-fired they are saying it was because of the greed and "lawlessness" of the free market. Huh?
Posted by: CaliValleyGirl at October 1, 2008 11:50 AMI am less mind-boggled by the fact that they are saying it (I expect no less from the socialist-leaning crowd); I am far more mind-boggled by the fact that for some reason, the people seem to be buying it.
Posted by: Emily at October 2, 2008 05:20 PM