Barry: Idiots Fiddle While Rome Burns
I enjoy reading Barry Ritholtz’s blog as he feeds us the clues on our road to financial ruin. He has built a tremendous following by sharing the bad and parsing away the good financial reports that drive the markets daily. Today I thought he gave a very good rant against the political class that has a significant responsibility in getting us to this position.
The Big Picture | Idiots Fiddle While Rome Burns
One quote:
That’s not capitalism, its not socialism, its not regulation, and its sure as hell isn’t what free markets are. Our language is insufficient to describe this hodge-podge system, other than to call it a random patchwork of quasi-capitalism, quadrennial-socialism, and politics as usual. Ideological idiocy is the only phrase I can muster that has any resonance with the daily insanity.
Read it all.
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