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I am referring to the bloggers abusing the Shock Doctrine to claim that this is a trumped up crisis.

The idea that we can let banks behave this way without eventually having a Banking Panic is silly ... every time before that we allowed commercial banks to behave this way in a primarily industrial economy, we have had Banking Panics.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Thu Oct 2nd, 2008 at 08:23:13 PM EST
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