Friday, December 23, 2005

The markets, they solve everything

Stossel embarasses himself again
with his free market religion:

The more I've watched the markets work, the more impressed I've become with how competition solves problems with speed and flexibility rarely seen in government-imposed solutions.

Enron and the other recent business disasters are evidence of the market working. Government regulators didn't discover the deceit. Enron's lies were revealed when private security analysts raised questions and private investors started dumping the stock.

Yes, because the market works at it best when it annihilates multi-billion dollar companies and thousands of jobs. And I've also heard they found the cure for cancer. It's called death.


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