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« Temporarily Free! | Main | A classic Sid Meier's Culture Victory »

The invisible hand of the market is probably doing something unseemly

Paul Krugman links to a funny-but-probably-true comment on Kevin O'Rouke's blog:

The markets want money for cocaine and prostitutes. I am deadly serious.

Most people don't realize that "the markets" are in reality 22-27 year old business school graduates, furiously concocting chaotic trading strategies on excel sheets and reporting to bosses perhaps 5 years senior to them. In addition, they generally possess the mentality and probably intelligence of junior cycle secondary school students. Without knowledge of these basic facts, nothing about the markets makes any sense--and with knowledge, everything does.

By fnord12 | June 1, 2015, 9:36 AM | Liberal Outrage