Blog on the Run: Reloaded

Monday, December 13, 2010 8:10 pm

Free markets. Wish we had some.

The next time anyone tries to dismiss any sort of government intervention as “socialism” and suggests that all we need are free markets, have them read this and the articles linked therein. What we have isn’t a free market besieged by interfering, interventionist big government. What we have is a rigged game that the government is kinda, sorta trying to unrig only not really because they’re all BOUGHT OFF. Not that I am bitter.

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Tuesday, October 27, 2009 8:54 pm

Odds and ends for 10/27

Saturday, February 28, 2009 11:58 am

Quote of the day

Filed under: Quote Of The Day — Lex @ 11:58 am
Tags: , ,

From Warren Buffett, in his annual letter to Berkshire Hathaway shareholders, on the inscrutability of the derivatives market: “Participants seeking to dodge troubles face the same problem as someone seeking to avoid venereal
disease: It’s not just whom you sleep with, but also whom they are sleeping with.”

Paraphrase (and a very light paraphrase it is) of the day, from the same source: I didn’t expect the price of oil to drop the way it did, and I therefore cost the company billions.

(h/t: Ed)

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