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Free-market believers assume there must be somebody in the system with the incentives to help those less sophisticated investors. Or that the market will elimin
by neilk 14y ago
Free-market believers assume there must be somebody in the system with the incentives to help those less sophisticated investors. Or that the market will eliminate con artists, because their investments must be weak.
That's how you get Alan Greenspan, thought by some to be a sophisticated thinker, flabbergasted that the events of 2006-2008 were even possible.
- penny500 14y agoMainstream economists believe in free markets, and they also understand market failures and moral hazard. Government failure also exists.
- theorique 14y agoinvestments must be weak. " 'The investments are weak.' The fucking investments are weak? You're weak. I've been in this business fifteen years... "
- Florin_Andrei 14y agoSomebody, but not me. Me, I'm busy with the hand over fist endeavor.