Dennis the Peasant beautifully deconstructs a post by Matthew Yglesias on what should be done with the banking industry:
He's under the hood of the engine of finance - pulling on wires and touching things - and all the while his readership, which knows even less about banking than he does (if that is indeed possible), is standing there waiting for some sort of reassurance. All they know is the engine isn't running and they can't do anything to change that situation themselves. And Matthew, being the bright boy that he is, has figured out about banking what I've figured out about cars:
Sometimes the important thing is to let others pretend you know what you're talking about.
As instapundit says: "Read the whole thing."
No comments:
Post a Comment