Saturday, November 7, 2009
Come on Mish, Give it a Rest
You know, I read Mish Shedlock over at
Every day. I really think that a lot of what he says it right on and he is a font of clearly presented and well researched data. He is thoughtful and thought provoking, and a fairly good writer.
But, I think that he is coming a little unglued with the "free market" thing. A proposed miniscule tax on a corrupt and self serving industry that is at the root of all the problems we are going through is going to be the end of the world as we know it and the swan song of the free market system.
Give me a break.
It is just a matter of time before the market crashes anyway. The "recovery" in share prices is nothing more than trading bullshit with no relationship to reality.
So who cares if the market crashes because of the tax? We might even get a few of our nickels back that they stole from us as we show them the door.
You see, the problem with folks like Mish is that the "market" is a sacred thing.
To me, it is nothing but a golden calf
at 5:18:00 PM