This week's Economist quotes Nicolas Sarkozy in their report on Europe's schadenfreude concerning America's economic woes. "The idea that markets are always right was a mad idea."
A doubly bizarre claim. Sarkozy ignores that American financial markets are hardly laissez-faire as he forgets that no one claims markets are always right. It's really easy to denounce a system when you redefine it to suit your ends. It's doubly easy when you then try to redefine reality, too.
Monday, October 06, 2008
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2 comments:
The economic scenario.
Well, the language is always evolving...Not much you can do about it.
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