The Market's Creed

By -
I believe in the market, the coordinator almighty, creator of equilibrium and efficiency.
I believe in laissez faire, its only Son, our Lord.
It was conceived by the power of the Holy Mandeville and born of the Virgin Smith.
It suffered under socialist heresy, was crucified, died, and was buried.
It descended into the planned economy. On the third decade it rose again.
It ascended into the post-war boom and is seated at the right hand of the Father.
It will come again to judge the profits and the losses.
I believe in the Rational Markets Hypothesis,
The holy electronic exchange, the communion of entrepreneurs,
The forgiveness of greed,
The resurrection of the underpriced,
And profits everlasting.
Amen.

Comments

Post a Comment

Popular posts from this blog

Libertarians, My Libertarians!

By -
Cruel to be kind means that I love you . Because, while I think you are mistaken, your hearts are in the right place -- yes, even you, Silas --  unlike some people . This Breitbart fellow (discussed in the link above), by all appearances, deliberately doctored a video of Shirley Sherrod to make her remarks appear virulently racist, when they had, in fact, the opposite import. I heard that at a recent Austrian conference, some folks were talking about "Callahan's conservative turn." While that description is not entirely inaccurate, I must say that a lot of these people who today call themselves conservative give me the heebie-jeebies.
Read more

"Pre-Galilean" Foolishness

By -
 I am currently reading The Master and His Emissary , which appears to be an excellent book. ("Appears" because I don't know the neuroscience literature well enough to say for sure, yet.) But then on page 186 I find: "Asking cognition, however, to give a perspective on the relationship between cognition and affect is like asking astronomer in the pre-Galilean geocentric world, whether, in his opinion, the sun moves round the earth of the earth around the sun. To ask a question alone would be enough to label one as mad." OK, this is garbage. First of all, it should be pre-Copernican, not pre-Galilean. But much worse is that people have seriously been considering heliocentrism for many centuries before Copernicus. Aristarchus had proposed a heliocentric model in the 4th-century BC. It had generally been considered wrong, but not "mad." (And wrong for scientific reasons: Why, for instance, did we not observe stellar parallax?) And when Copernicus propose...
Read more