This is why I intend to invest in index funds
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Socialists should love investment banks
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It's not simply that risks are distributed....the mean decision itself is better.
And yes, this is the right argument.
Now formulate it into a troll. Mention hierarchical governance structures, separation from the details and agency problems.12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio Regum
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Also, use the term "Hayekian" freely...12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio Regum
Comment
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The thing is though that fiscal conservatism doesn't break down as an argument because of the success of investment banks. investment banks are in competition with one another with clear, direct incentives on consumers to pick a good investment bank, which means that overall the market is still making aggregate choices...just slightly filtered. And IBs follow the market themselves, so you're basically trying to get a good economic weatherman, if that analogy works.
(is that right?)If there is no sound in space, how come you can hear the lasers?
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HC this is not necessarily something you need to believe.
Cast IBs as central planners. Describe their place at the commanding heights of the economy.12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio Regum
Comment
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effing dp12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio Regum
Comment
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Originally posted by KrazyHorse View PostNow formulate it into a troll. Mention hierarchical governance structures, separation from the details and agency problems.
Too dry. Good trolls have to keep the audience interested. Work in something about anal bleaching at some point.The genesis of the "evil Finn" concept- Evil, evil Finland
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Obama is a ******?
That a simple enough troll? or should I comment that if Obama really cared about people, he wouldn't have wiped billions off BPs' share price, and damaged so many peoples retirement funds?You just wasted six ... no, seven ... seconds of your life reading this sentence.
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Originally posted by Kuciwalker View PostSo, basically what I said12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio Regum
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