Tuesday, March 10, 2009

The Fisking Will Continue Until Moral Improves

Everything I've read by David Brooks has been wasted time. Except for this.

The "weaknesses" of capitalism are not what this crisis is about. Economies expand, economies contract. Old businesses go bankrupt, new businesses are launched. "Economic stability" is (a) an impossible Keynesian fantasy that can never be achieved, and (b) arguably a bad thing. We don't want "stability," we want dynamism -- innovation, creativity, new businesses being launched, new technologies developed, new markets emerging, etc.

Welcome, RSM, readers.

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