Saturday, August 4, 2012

Because Market Players Sometimes Play Dirty

"Hedges is a socialist, self-admittedly. And I am not. I am a believer in markets, but in sound regulation of them by an objective, publicly controlled organization, much like a referee or umpire, who transparently enforces the rules which are clear and fair to all. Why? Because people always and everywhere will cheat, some much more readily than others. The meme of naturally efficient markets is a classic 'big lie.' "

Once again, Jesse lays it out in dummy downed form so that even a jughead like yours truly can follow along.

The game is not unfair by its nature.  On the other hand, the game participants have been known to kick their opponents in the head when they are down.  Without the zebras on the field, this motherfucker would have carried a loaded gun on the field.

Fun to watch but not fun to play against.

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