26 Oct 2008

Stephen King on the Financial Panic

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The byline says it’s Stephen King, “managing director of economics at HSBC,” but it’s got to be the famous novelist. This piece (HT2 Jeff Tucker) is weirder and scarier than Firestarter. There’s no point in me even excerpting it; let’s just say, the author implies that Alan Greenspan ignored the warnings–given by both Keynes and Mises & Hayek–that unregulated markets can’t adequately cope with the problems of time.

Someone please make the voices stop. I can’t take much more of this.

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